Hello,
Our health Ins. Co. automatically debits our checking account monthly. How do I set something like that up in Quicken Basic 2007 so I don't have to keep remembering that an amount is coming out of our checking at the end of each month? TIA Eva
Create a Scheduled Transaction.
You can create one from scratch by going to
Cash Flow > Scheduled Bills & Deposits > Create New
or by right-clicking on an existing transaction in your checking account that you want to schedule, then left-clicking "Schedule bill or deposit".
ok I see. Then after my account is actually dinged for the auto debit, I can just click on skip and it will show up again the next month, reminding me of the upcoming debit. Thanks!
No. You should not click "Skip"; you should click "Enter".
If you have "entered" the Scheduled Transaction before you download the actual transaction from your financial institution, the downloaded transaction will "Match" the transaction you have already "entered" in your Quicken account register (which, in your specific case, should already have been correctly categorized) ... so the downloaded transaction will only mark the existing register transactions as "cleared", and apply the correct "date posted" to the existing register transaction (the "date posted" is normally hidden ... if you want to know more, post back).
When you set up the transaction you can tell Quicken to enter it on a particular day each month, with an instruction to enter it in your register X days before that date, and if there is no "end date" entered, you never have to worry about again.......it will just be entered into your register automatically X days before the due date.
Thanks for the tip Jan! Eva
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