What action to transfer cash to non-quicken account

For these transfers, you could use a "dummy chequing" account, which you would probably want to hide and not have included in any totals.

vcardx

Thanks for the suggestion....

'vcardx' wrote on 2/8/2009 6:17 PM:

"vcardx" wrote in news:gmo3ob$rs$ snipped-for-privacy@nntp.motzarella.org:

that is probably what I would do as well. there is a feature called "update account balance", and you could use that to "zero" out that dummy account every so often (monthly/quarterly).

scott s. .

Just curious - if one is going to the trouble of creating a 'dummy' account that one is using to move money to an account one doesn't want to track in quicken, isn't that tracking the account in Quicken to some extent? So why not track the account 'for real'?

Certainly not an exclusive list, but both of these situations apply to me...

- Ownership of the account could be different/shared.

- Account could be in a different quicken (or Quickbooks, or other) database where it is already tracked.

: >> For these transfers, you could use a "dummy chequing" account, which : >> you would probably want to hide and not have included in any totals. : >>

: >

: > that is probably what I would do as well. there is a feature called : > "update account balance", and you could use that to "zero" out that : > dummy account every so often (monthly/quarterly). : >

: > scott s. : > . : : Just curious - if one is going to the trouble of creating a 'dummy' account : that one is using to move money to an account one doesn't want to track in : quicken, isn't that tracking the account in Quicken to some extent? So why : not track the account 'for real'? : -- : ------------------------------------------------------------- : Regards - : : - Andrew : : :

"Andrew" wrote in news:49902981$0$20288$ snipped-for-privacy@cv.net:

Well, I think the problem is from the point of view of the accounts you track, when money leaves the acount you have to either do an expense transaction or a transfer back into the account or into another account. The first two options create some artificiality in the tracked account, depending on the reports you use.

scott s. .

OK! I too have my adult daughter's stuff in another account; I was merely asking to see if there was something deeper than that. Works for me.