Can I create Asset and Liability within a checking account?
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
-
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 19930 -
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.0 -
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.0 -
Hello again,
Due to the lack of response, I went ahead and closed this post.
If you still require assistance, please feel free to start a new post.
Thank you!
-Quicken Anja
Make sure to sign up for the email digest to see a round up of your top posts.0
