Can I create Asset and Liability within a checking account?

atm guy
atm guy Quicken Mac Subscription Member
in Registers & Transactions (Mac)

Hello, I'm new to Quicken. Trying to cut the ties with Quick Books, WAY too many features for my sole prop, 1 person business.

I am an ATM vendor(cash machines). My inventory is cash which of course runs through my bank accounts. I do not want the electronic deposits to reflect as income nor do I want my withdrawls of cash that I use to load my machines to reflect as expense.

Any ideas how to show the movement of cash through my bank accounts by way of asset and liability, such as I did with Quick Books.

Answers

  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta

    You can create separate accounts for Assets and Liabilities in Quicken. Transfers between accounts in Quicken are not income or expenses, just transfers between assets and liabilities.

    Quicken Mac Subscription • Quicken user since 1993
  • Quicken Anja
    Quicken Anja Moderator mod

    Hello @atm guy,

    We haven't heard back from you in a while. Do you still need assistance?
    Were you able to give @jacobs' suggestion a try?

    Check back and let us know! Thank you.

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

  • Quicken Anja
    Quicken Anja Moderator mod

    Hello again,

    Checking in once more before this thread is closed.
    Let us know if you still need assistance.

    Thank you!

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

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