Payment with a fixed split amount- not a fixed percentage.


S

SteveP

I have searched this group and did not have any luck finding a
solution, so maybe some one can help me.

Each time I go to the grocery store and buy groceries I always use my
debit card and take out additional cash- $40 every time. When I
download this transaction into quicken and go to accept it, I have to
go into the split window, subtract $40 from the amount and create a
new item to the Misc Cash Expense category for the $40. Since the
transaction amount differs every time I buy groceries I can't use the
'Memorize percentages' option.

Is there a better way to handle this type of transaction? I am using
Quicken 2005.

TIA
 
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M

Margaret Wilson

Just memorize the amounts in your latest transacation. Next time you enter
the transaction, change the debit amount in the register, then enter the
Groceries amount in the split so everything balances. You'll have to update
the total transaction amount and Groceries split each time, but at least it
will remember the $40 split.

Regards,

Margaret
 
J

John Pollard

Margaret said:
Just memorize the amounts in your latest transacation. Next
time you
enter the transaction, change the debit amount in the
register, then
enter the Groceries amount in the split so everything
balances. You'll have to update the total transaction amount
and Groceries
split each time, but at least it will remember the $40 split.
Actually, I think it's somewhat simpler than that. Since op is
downloading the actual transaction, if the memorized transaction
is for a different amount than downloaded transaction, Quicken
will automatically offer the Edit Split dialog. In that dialog,
op can place cursor on grocery amount, open the calculator, key
the "difference" (with minus sign when needed) appearing at
bottom of split window, and click Enter. No change to the
transaction amount need be keyed because it will have been
downloaded correctly.

But I suspect op is really looking for a capability that has
been requested before: the ability to specify a memorized
transaction with some split lines of fixed amounts and other
split lines with percentages of the remaining amount. In the
case of the two split lines in op's transaction, for example, no
modification to the downloaded transaction would be needed at
all (a fixed $40 split line and 100% of the remaining
transaction amount to groceries). I am fairly certain this
capability has been submitted as a suggestion to Intuit, but it
would not hurt if op were to add to the list.
 
S

SteveP

Thanks for the suggestions-- at one time or another I have tried both.

John is correct. I am looking for the ability to specify a memorized
transaction with some split lines of fixed amounts and other lines as
percentages or the complete remaining amount.

I was hoping Q06 might have added this feature. <sigh> I guess I am
going to submit an enhancement request.
 
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M

Margaret Wilson

Ah yes, I see. I missed that you were downloading transactions. Thanks
John and Steve, for the correction. I thought you were manually entering
the transactions. That would be a very nice feature to have -- split
transactions with some lines memorized and others more configurable.

Regards,

Margaret
 

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