At first I didn't know why and just deleted the duplicates. Importing transactions created duplicates. Screen render noticeably slower and there is lag clicking between accounts. First thing I noticed is that Quicken is so much slower than Money. Relatively painless as I am an experienced Microsoft Money user. I created all relevant accounts in Microsoft Money first and imported all my transactions. For some reason I really wanted to like Quicken which started this experiment. I wanted to start tracking my finances more closely so decided to start with 2017. In the past I have used Microsoft Money (15-20 years worth of data), although I haven't used anything to track my finances for a few years. Last edit at 01:20PM by Robert M.I spent the last week entering in all my information from Januonwards in both Quicken and Microsoft Money Sunset. So, instead of doing a split in the checking account, you're actually doing the "split" categorizing in the credit card account and your payment becomes a single transaction in both accounts.Įach time you get a credit card statement, you reconcile it just like you would a checking or savings account statement.Įdited 2 time(s). A transaction is made into the credit card account for that payment.ġ0/1/11 Paycheck $1000.00 Personal:salaryġ0/5/11 Credit Card $500.00 [Credit card account}ġ0/1/11 Apple Computer $1000.00 personal:electronics and computersġ0/2/11 Auto Insurance $150 Personal:insurance:autoġ0/5/11 Payment $500.00 As you pay your credit card bill, rather than splitting the transaction in the checking account, you simply make the category for the payment the credit card account. Checking transactions in the checking account. Credit card transactions are entered and categorized in the credit card account. Typically, people using Quicken (or other personal finance package - I use MoneyDance) have a separate account configured for each of their credit cards and bank accounts. Maybe I am going about it all wrong?Įdited 2 time(s). But, if all the visa charges are showing up as individual entries in the account that PAYS the visa bill, that's not really right here. If chase is offering download of qfx files to use in programs like quicken, then the idea must be to save you the trouble of entering in visa charges by hand. All the individual items make reconciling the checking account, within quicken, frustrating, because now there are all these tiny charges that are not on my bank statement.Īny thoughts? I am not clear on what other folks must be doing. It clogs up my checking account window with every single individual visa charge, they can not be hidden/collapsed like when they are hand entered into a split transaction The imported file can only import into separate transactions of the checking account itself. The problem is, when I import it into my quicken checking account page, there does not seem to be any way to import the qfx data into the lines of a "split" transaction. qfx file from Chase, that represented the time period of my September visa statement. So, in my goal to make things more automated, I downloaded a. However, it's also very important to "itemize" the individual charges that make up that check that is sent to visa, so they can all be categorized and thus give my year-end report actual meaning on where the money went. The visa payment is a single check I send each month, so it belongs as a single line item in the Quicken checking account. This method, although tedious, has always made sense to me. Taking the paper visa statement, and hand-entering in all the individual visa transactions as sub-categories of the "split" transaction Making that single transaction a "split" transaction In Quicken, any bill I pay from checking (paper or EFT) is represented as a single line item (transaction) in the "checking account" register. I pay my Chase visa bill every month from my checking account. I am hoping someone may be able to help me with a (hopefully) common use case I am stumped on, using Quicken Essentials for Mac (I just bought the upgrade from Quicken 2006 after getting a 10.7 machine)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |