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Old 06-11-2002, 11:01 PM
gkell88 gkell88 is offline
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Join Date: Dec 2001
Location: E.Central Kansas
Posts: 55
Managing Categories in Quicken

Is there a good way to track credit card purchases for my business and make sure the various transactions get assigned to correct categories? Right now, I pretty much manage all purchases within my Quicken checking account, but have to go through credit card bills and assign purchases to categories.
Any tips on doing this more effieciently?

Thanks,

Gary
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Old 06-24-2002, 02:14 AM
JUPITERFAITH JUPITERFAITH is offline
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Join Date: Apr 2002
Location: OHIO
Posts: 1
Quicken allows you to set up a separate account for credit cards. When I purchase something on credit, I take the receipt and immediately enter the transaction into this account under the appropriate category. This allows me to see the running tally on my credit card rather than have to wait for my monthly statement to arrive and post all transactions then. When it is time to pay the credit card, I debit the checking account and credit the credit card account.

Either way, you have to assign the categories but I do it while the info is fresh in my mind with my receipt in hand and then file the receipt into the monthly envelope for that category.

Hope I helped answer the question you were asking.
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