Question. I am eating with some friends (say, 3 others). Each of owes $25.00 for the meal. Total bill due is $100. I collect $75 cash from the 3 of them and I charge the entire $100 meal on my credit card.
How to account for this in Q?
I have only spent under a 'Dining' category $25 of my own money. I have a charge slip for $100.00 due to VISA. I have also $75 extra CASH now in my pocket.
Somehow I need to account for the fact even though the charge is for $100, my portion of 'dining' is only $25 PLUS the fact I have $75 of cash in my pocket to pay off the rest when the bill is due.
Not sure the best way to handle this. I think it involves someone entering the $75 cash into my CASH account in Quicken and making a transfer, but the VISA bill will be only a single transaction when I pay it.
Ideas??