Add "Other Credits" and perhaps other lines to credit card reconcile

Doug Fisher
Doug Fisher Member ✭✭
edited January 5 in Product Enhancements

Credit card statements often are organized as Previous Balance, Payments, Other Credits, Purchases, Cash Advances, Other Debits, Fees, Interest, New Balance.

Quicken's reconcile screen groups Payments/Other Credits and Charges/Cash Advances (which might be better as Charges, Fees, Cash Advances).

It's no great shakes to put these into the onboard calculator and add them up.

But I helped design data bases, and part of the challenge was to take into account data entry errors and avoid manual mathematical operations as much as possible because of the known tendency for them to introduce error. So perhaps you might consider adding a few more lines to the initial reconcile screen to correspond to those commonly found on credit card statements so that entry becomes simple transcribing? This also is shown to improve productivity.

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Comments

  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Another way to handle fees and credits is to enter them as transactions in the credit card account. Then they will be easily visible and you can assign Categories to them.

    QWin Premier subscription
  • Boatnmaniac
    Boatnmaniac Quicken Windows Subscription SuperUser ✭✭✭✭✭

    This is how I manage them. Works really well and is then easily tracked in reports.

    Quicken Classic Premier (US) Subscription: R60.15 on Windows 11 Home

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

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

  • UserDavidC
    UserDavidC Quicken Windows Subscription Member ✭✭✭✭

    I would prefer to go the other way: remove the Charges, Cash Advances & Payments, Credits entry fields altogether.

    I always just enter zero in these fields. As far as I know, Quicken doesn't use these fields so why are they even there?

    Quicken user since 1995.
    Current subscription user.