Invoices in Quicken Home and Business

I'm not sure what Quickbooks allows you to do for your type problem, though I have long thought that it was Intuit (and/or Quickbooks users) that suggested the technique for handling your problem.

The approach typically recommended is to create a holding account in Quicken; have your Quicken deposit transactions deposited (transferred, when necessary) into the Quicken holding account. When it comes time to make an actual bank deposit, transfer the amount of the bank deposit from the Quicken holding account into the Quicken bank account ... producing one deposit transaction in the Quicken bank account to agree with one deposit transaction in the real-world bank account.

If you download transactions, an alternative approach is to use Quicken's "Manual Match" feature to match a single downloaded deposit transaction to multiple existing Quicken register transactions ... replacing the multiple original transactions and creating a single split transaction with each original deposit in a separate split line. This has the drawback of eliminating the individual payee name fields (putting the payee name in the Memo field of each split line), which can hamper subsequent searches, selections, subtotals, etc. [I have not tested this, but logically I would expect that the newer versions of Quicken - which allow for over 240 split lines - could handle many more deposit transaction this way, than the older Quicken versions which were limited to 30 split lines.]

Q2009 works the same as Q2004 in this regard (except possibly for the increased number of split lines - I don't know when that number was increased). I have Q2009 Rental Property Manager, but I do not believe that it differs from any other Q2009 version in this regard.

What you describe is the QuickBooks current asset account known as Undeposited Funds that functions like a holding account. It is a special account to be used for just this purpose. All payments can be received into this holding account and then transferred in batches to line up with the actual bank deposit.

Since H&B is the Q attempt at being like QB I am surprised that this function is not available.

Where's the "make Deposit" tool that automates selecting the payments in the UF account? Sure, you can manually mimic the QB UF capability but it should already exist.

Anita had written this in response to

: Thanks to all of you that replied. All your comments have been really helpful, and I now have some ideas to work with. Any other comments out there from H & B users on this subject would be very much appreciated. Anita

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Anita had written this in response to

: Perhaps it is and I just didn't realize how to use it. I will keep searching. Anita

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The account does not exist by default in Quicken. You have to create it yourself plus you need to do the manual grouping of deposits too. QuickBooks has this feature automated. Quicken does not.

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