Car Loan Payments & Expense Reports

Aug 20, 2005 3 Replies

I'm sure I'm doing something wrong, but here's my problem. When I ask for a report of Automobile expenses, Quicken tells me all of the appropriate car-related expenses contained in the car-related categories. It does not include the car loan payments.



Since I have set up Quicken to have the car loan payments done from the checking account as a transfer to the car loan (liability) account, the transfers don't show up as Car expenses. My checking account and liability account show the right amounts but the problem I described above still exists.



Have I set up my accounts incorrectly?


I doubt yout accounts are set up incorrectly. It is a design feature of Quicken. Transfers between accounts are not deemed expenses as they do not affect your overall net wealth position. Reducing an asset while simultaneously reducing a liability has a zero effect on your overall wealth position.

You'll have to create a specific report that includes transfers to the liability account as well as the auto expense categories to see your cash flow position re automobile spending.

How would you do that in Q2006?

Mike B wrote:

As I said in my quoted post:

Here is a sample of such a report. Open the attachment in that post.

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