Sub-divide accounts to earmark funds within the account

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13thKid
13thKid Member ✭✭
edited August 2021 in Registers & Transactions (Windows)
I would like to be able to break down the total amount in a savings account into "sub accounts" in order to allocate portions to planned or other future spending. For example, I have $3,000 in my savings and $500 is for semi-annual bills like insurance, $1,500 for travel, $1,000 savings, etc. It would be like splitting a transaction, where the total amount is the primary account balance.
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  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
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    Look at the Savings Goals on the Planning tab.
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  • deacon
    deacon Member ✭✭
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    I would also like to have sub accounts for Savings. I use the Savings Goal feature, but reconciling can get a bit confusing. Sub accounts like QuickBooks allows would be great.
  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
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    Features in Quickbooks are irrelevant.  They're no longer (for several years) owned by the same company.
    No "sub-accounts" are allowed in any account type in Quicken.
    SO, why don't "Savings Goals" work for you?

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

  • deacon
    deacon Member ✭✭
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    First off, "Savings Goals" transactions are not allowed to be 'Cleared' or 'Reconciled'. Also, balance in the account that the Savings Goal was taken from doesn't match the actual account, since some of the money, in Quicken, is in the Goal.

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