House Acct type doesn't appear on See Where Your Money Goes screen
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Crumpled
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I use the house acct to track cost basis. If I spend $100 in my checking account on a home improvement that would increase cost basis, that transaction shows the [House Acct] as the category so the $100 is added to the house account. Those transactions don't show up in the see where your money goes screen, even if included in the custom accounts list. Is there a fix or workaround?
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Best Answers
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@Crumpled - At the top right of that "See Where Your Money Goes" screen: Gear icon > Accounts > Custom > make sure the House Account box is checked. Your [House Account] transactions should now be reflected in "See Where Your Money Goes" screen.But I think using [House Account] as your category for these expenses is probably causing undesired impacts in other areas of Quicken. The brackets on both sides of the House Account indicates that this is not a normal income/expense category. It is, instead, a transfer category which simply transfers assets between accounts. In this case, these home improvement expenses are adding 1:1 to the value of your House Account. Yet, we know that home improvements do not do that. So it is artificially inflating the value of your House Account and that in turn artificially inflates the Net Worth calculations. The House Account register should reflect only market value and adjustments to market value that occur over time, not any home improvement expenses.I think, perhaps, a better way to track these home improvement expenses (or cost basis expenses) is to use the Home:Home Improvement sub-category instead of [House Account]. You can track these expenses here without adversely impacting your House value and Net Worth calculations...and these costs will show up in the "See Where Your Money Goes" screen.
(Quicken Classic Premier Subscription: R55.15 on Windows 11)
5 -
Makes sense, I can live with that tracking method. Thanks!1
Answers
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@Crumpled - At the top right of that "See Where Your Money Goes" screen: Gear icon > Accounts > Custom > make sure the House Account box is checked. Your [House Account] transactions should now be reflected in "See Where Your Money Goes" screen.But I think using [House Account] as your category for these expenses is probably causing undesired impacts in other areas of Quicken. The brackets on both sides of the House Account indicates that this is not a normal income/expense category. It is, instead, a transfer category which simply transfers assets between accounts. In this case, these home improvement expenses are adding 1:1 to the value of your House Account. Yet, we know that home improvements do not do that. So it is artificially inflating the value of your House Account and that in turn artificially inflates the Net Worth calculations. The House Account register should reflect only market value and adjustments to market value that occur over time, not any home improvement expenses.I think, perhaps, a better way to track these home improvement expenses (or cost basis expenses) is to use the Home:Home Improvement sub-category instead of [House Account]. You can track these expenses here without adversely impacting your House value and Net Worth calculations...and these costs will show up in the "See Where Your Money Goes" screen.
(Quicken Classic Premier Subscription: R55.15 on Windows 11)
5 -
Makes sense, I can live with that tracking method. Thanks!1
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