What 'Category' do I use for "Opening Balance"? Or do I leave it blank?
Options

livegrace
Quicken Windows Subscription Member ✭✭
Auto Update from bank shows it as a transfer back into same account.
Is that correct? do I do that for accounts I add manually?
Is that correct? do I do that for accounts I add manually?
0
Best Answer
-
Typically, the name of the account in brackets. In essence it is a cash transfer back into the account being opened.
Quicken user since 1995
Win11 Deluxe Subscription thru 20241
Answers
-
Typically, the name of the account in brackets. In essence it is a cash transfer back into the account being opened.
Quicken user since 1995
Win11 Deluxe Subscription thru 20241 -
Yes that is correct. A transfer back to itself is a way of entering a transaction without using cash, and it is therefore how you create opening balances.
Quicken Business & Personal Subscription, Windows 11 Pro
0 -
Thank you so very much. I search HELP high and low with no success...
I so appreciate the assist !0
This discussion has been closed.
Categories
- All Categories
- 22 Product Ideas
- 29 Announcements
- 196 Alerts, Online Banking & Known Product Issues
- 18 Product Alerts
- 753 Welcome to the Community!
- 623 Before you Buy
- 1K Product Ideas
- 50.9K Quicken Classic for Windows
- 15.7K Quicken Classic for Mac
- 996 Quicken Mobile
- 788 Quicken on the Web
- 100 Quicken LifeHub