Is there a way to add another "type" other than Expense and Income?

Rick L T Quicken Windows Subscription Member

April 2020 edited May 2022 in New to Quicken/Getting Started (Windows)

Is there a way to add another "type" other than Expense and Income? i.e. Income, Living Expense, Discretionary Expense.

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• Categories

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Best Answer

• 

  NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

  April 2020 Answer ✓

  Living Expense and Discretionary expense would be Categories under the general Expense umbrella.

  In accounting, there are ONLY 4 types of "ledger": Income, Expense, Asset and Liability (but Q calls those last 2 "accounts")

  So, go ahead and create a "Living Expense" category (TOOLS, Category List, New Category, and click the "Expense" radio button).
  

  Q user since February, 1990. DOS Version 4
  Now running Quicken Windows Subscription, Business & Personal
  Retired "Certified Information Systems Auditor" & Bank Audit VP

  5

Answers

• 

  NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

  April 2020 Answer ✓

  Living Expense and Discretionary expense would be Categories under the general Expense umbrella.

  In accounting, there are ONLY 4 types of "ledger": Income, Expense, Asset and Liability (but Q calls those last 2 "accounts")

  So, go ahead and create a "Living Expense" category (TOOLS, Category List, New Category, and click the "Expense" radio button).
  

  Q user since February, 1990. DOS Version 4
  Now running Quicken Windows Subscription, Business & Personal
  Retired "Certified Information Systems Auditor" & Bank Audit VP

  5

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