Created a budget in Quicken Classic subscription (Windows) Need help
I created a budget and am having issues with a credit card I have. I sync my Capital One card which has its own account in quicken and pay the credit card out of a bank checking. I am seeing all the various charges and can categorize these within the Cap One credit account in Quicken but when I pay the total charge out of my checking account this is not translating over to my budget. It looks like I have to "split' the payment in the bank account in order for all the various charges to show up in the budgeted categories I created. Is there any way to get the synced downloaded charges for the Cap One card account to also show up when I make the payment out of bank checking.
Seems like a lot of work to have to manually enter "split" all the charged in the bank checking account in order to show up in the budget.
I just created this budget in January so new to working with a budget. I am also noticing that the total budget amount I fixed monthly seems to be changing. I did set for things to carry over monthly if under/over but why is the top number for the budget changing. So far I am only into month two of this now.
Any help or direction is appreciated.
Thank you!
Answers
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Budgets deal with income and expense items. A purchase with your card is an Expense.
Paying your card is a transfer, neither Income nor Expense. A transfer is like moving your wallet from one pocket to another … as a result you're neither richer nor poorer.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Which accounts have you selected to be used in your budget?
Quicken user since Q1999. Currently using QW2017.
Questions? Check out the Quicken Windows FAQ list0
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