Report Showing Expense as Income
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James114
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I have a report based on my credit card monthly usage.
It shows a expense as as income.
As you can see in the attached image it's showing the Tracfone payment as income even though it shows the amount is negative.
I only use 1 account in the report (Visa).
Any ideas?
James
It shows a expense as as income.
As you can see in the attached image it's showing the Tracfone payment as income even though it shows the amount is negative.
I only use 1 account in the report (Visa).
Any ideas?
James
0
Answers
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What Category is the Tracfone payment assigned to? If it is an Income category, it will be listed in the Income section of the report.QWin Premier subscription0
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It has an unassigned Category unlike the other transactions.0
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OK, if you assign it to an Expense category, it should show up in the Expense section of the reportQWin Premier subscription0
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Yea that worked. It was a bit confusing. I guess one must categorize transactions for Quicken to
realize the transaction is income ort debit?0 -
When you establish a Category you denote it as either an income or expense item. That governs where the Category shows up in a report and affects the sign of the dollar amount show in the report.
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You might think that the sign of a transaction would tell if the transaction is income or expense, but that isn't true. Imagine you buy a shirt, that is an expense/withdraw. Now you return it. That is going to be recorded as a deposit, but it isn't income, it is a negative expense, as in you spent X dollars less on clothing.James114 said:Yea that worked. It was a bit confusing. I guess one must categorize transactions for Quicken to
realize the transaction is income ort debit?
Therefore Quicken needs to know the category and that category will tell Quicken if it is an expense or income.Signature:
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