Ability to include splits in Bill & Income reminders

Mark Kothe
Mark Kothe Quicken Windows Subscription Member ✭✭
edited December 2 in Registers & Transactions (Windows)

I would like to be able to save splits in the bill and income reminder lines to be used later when entering the bill into the register. Example, I have a recurring loan payments that I enter as a split showing the interest and principal. If the save bill reminder had the split of the two categories with the memo fields populated I could then just add the amounts while entering the transaction.

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  • UKR
    UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Has the loan account been set up as either an offline or a connected loan account?
    Either way, the process of setting up the loan account in Quicken offers you the option the create a Scheduled Reminder or an entry in the Memorized Payee List. Either one contains the required Splits for Principal, Interest, additional principal (if any), Escrow withholdings (if any).

    Here's an example how my offline mortgage account's reminder once was defined:

    cap26 loan reminder split.PNG
  • Mark Kothe
    Mark Kothe Quicken Windows Subscription Member ✭✭

    Thanks, of course I found that right after I posted the question.

  • Quicken Alyssa
    Quicken Alyssa Quicken Windows Subscription Moderator mod

    Hello @Mark Kothe,

    Thank you for following up and letting us know what @UKR suggested worked!

    If you need more help, don't hesitate to reach out.

    Thanks again!

    Quicken Alyssa

    Make sure to sign up for the email digest to see a round up of your top posts.

  • UKR
    UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭

    One thing I neglected to mention in my earlier response is that, once you have the Scheduled Reminder set up, you should record it into your registers BEFORE you download transactions into the checking account containing the payment confirmation. This way, you have a valid transaction with all the Splits already in the register and the downloaded transaction will simply match to it.

    The Loan Setup process will create a Scheduled Reminder which has the correct amounts for Principal, Interest and optional Escrow already calculated for every monthly payment you make. Normally there should be no need to make changes to the splits every month, but it doesn't hurt to compare the amounts with your monthly loan statement from the mortgage company.

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