Category for Transfers

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Gene K in PA
Gene K in PA Member ✭✭
edited March 2022 in Registers & Transactions (Windows)
I'm looking for recommended practice for setting the "Category" column for transfers from one account to another. My bank automatically transfers a standard sum from my Checking to my Savings account each pay period. When Quicken imports transactions from my Checking and Savings accounts, it automatically sets the "Category" column for these transfers to "[CHECKING]" in my Checking register and "[SAVINGS]" in my Savings register. Is this correct?

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  • Rocket J Squirrel
    Rocket J Squirrel SuperUser ✭✭✭✭✭
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    No, that's exactly backwards. It should say [Savings] in Checking and [Checking] in Savings.
    Go into Preferences and ensure that "Automatically create transfers when detected" is disabled under Transfer Detection. You want to confirm what Quicken downloads before allowing it to be entered.

    Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.

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