Cash Payment

Discussion in 'Quicken' started by Ken Blake, MVP, Oct 27, 2014.

  1. I'm using Quicken Deluxe 2014. In an investment account, what's a good
    way to enter a cash payment amount--an amount paid from the account to
    my investment advisor? Every kind of transaction seems to want a
    transfer account.
     
    Ken Blake, MVP, Oct 27, 2014
    #1
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  2. Ken Blake, MVP

    Bert Guest

    In "Ken Blake, MVP"
    I use "Miscelaneous Expense" for my management fees. Although there's a
    field for "Transfer Account" there's no need to enter one.
     
    Bert, Oct 27, 2014
    #2
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  3. Thanks very much. I had assumed it was necessary.
     
    Ken Blake, MVP, Oct 27, 2014
    #3
  4. Ken Blake, MVP

    Andrew Guest

    Just throwing out a thought, but you might wish to call it something
    like 'Investment Advisory Expense' and link that to a tax-related entry.
    I presume that such fees are tax-deductible and might deserve such a
    notation/flagging for income tax reminder purposes.

    I would think 'Miscellaneous Expense' might not be so-flagged.

    JS.
     
    Andrew, Oct 27, 2014
    #4

  5. Thanks for the thought.
     
    Ken Blake, MVP, Oct 27, 2014
    #5
  6. Ken Blake, MVP

    Bert Guest

    "Miscelaneous Expense" is the Quicken menu selection from "Enter
    Transactions." In it, you then select the actual "Category."
     
    Bert, Oct 28, 2014
    #6
  7. Ken Blake, MVP

    Andrew Guest

    Got it. Subsequent category selection then should be selected and
    designated as a 'Tax Related Catagory'.
     
    Andrew, Oct 28, 2014
    #7
  8. Ken Blake, MVP

    Bert Guest

    I have two categories to use under "Miscelaneous Expense," one is
    "Investment Expense" and the other is "Foreign taxes paid."
     
    Bert, Oct 28, 2014
    #8
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