"Partial" payments possible in quicken?

Let's say I have a bill I enter in Quicken, car insurance of $250, due the 1st of every month.

Is it possible to have some sort of function where if say on the 20th I pay $100, the next time I go to pay it, Quicken will show something like "Remaining: "$150"?

Hope this makes sense.

Thanks!

Reply to
Evan Platt
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And this is Q2011 R7 Windows if that matters.

Reply to
Evan Platt

If no one else posts a better idea, try something like the following:

  1. Create a separate Quicken account for your car insurance and handle it like a Credit Card account.
  2. During each month manually transfer into this account any extra payments you make.
  3. On the last day of each month automatically enter a fixed 0 expense; use category Auto:Insurance.
  4. On the 1st of each month automatically enter a transfer in for the car account balance.

The account balance gives you your desired "Remaining" function.

Reply to
Jerry Boyle

I generally think this is way I would go to (In fact, I do!), but I would use instead of a credit-card account the "Debt/Other Liability" type of account which I think is what that is more set up for.

Reply to
Andrew

I agree. I haven't used Liability accounts for quite a while and wasn't sure they supported the relevant transactions and any automatic bill payment method that might be being used.

Also, for item 3 it might be better to use the billing date (as long as it isn't the 1st of the month) or the 2nd of the month. This way the account balance shows the amount still due during the entire period of the liability.

Reply to
Jerry Boyle

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