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Ed Landau
07-10-2003, 10:12 PM
Question of the month :)
I pay property taxes twice a year (and insurance etc.).
I'd like to find a way to see what that comes out too monthly to determine
my budget.

Dick Weaver
07-10-2003, 11:08 PM
Ed Landau wrote: Question of the month :) I pay property taxes twice a year (and insurance etc.). I'd like to find a way to see what that comes out too monthly to determine my budget.

If you pay something twice a year, then you budget it twice a year - for
the same month as you pay it.

dick w

Ed Landau
07-13-2003, 11:03 PM
I understand the suggestion, but would the reports not show the Prepaid
Expense Account's payments instead of the monthly "transfers" ? For
example, my reports don't show checks I write to my credit card (transfers
to that account) but rather it shows the transactions of the credit card.
Am I making sense?


Thanks again.

-Ed


"Fred Smith" <fredsmith99@yahoo.com> wrote in message
news:ZdPPa.417975$ro6.10067040@news2.calgary.shaw.ca... If you want to see a monthly expense for irregular payments like taxes or insurance, set up a Prepaid Expense asset account. When you pay the bill, post it to the Prepaid Expense account. Then, set
up a scheduled transaction to expense 1/6th of the amount each month. -- Regards, Fred Please reply to newsgroup, not e-mail "Ed Landau" <aunst8_2000@yahoo.com> wrote in message news:RysPa.955$_95.94338249@newssvr13.news.prodigy.com... Question of the month :) I pay property taxes twice a year (and insurance etc.). I'd like to find a way to see what that comes out too monthly to
determine my budget.

Fred Smith
07-14-2003, 05:36 AM
The transactions from your credit card show up because you have posted them
to categories (Quicken speak for income and expenses). So anything else you
post to a category (like the scheduled transactions expensing your insurance
and taxes) will show up in the report as well.

Cheques (sorry, checks) to your credit card don't show up because you posted
them as transfers to another account (Quicken speak for assets and
liabilities). So the payment of your tax bill won't show up because you post
it as a transfer to another account (Prepaid Expenses).

--
Regards,
Fred
Please reply to newsgroup, not e-mail


"Ed Landau" <aunst8_2000@yahoo.com> wrote in message
news:fBsQa.18$P67.4316331@newssvr13.news.prodigy.com... I understand the suggestion, but would the reports not show the Prepaid Expense Account's payments instead of the monthly "transfers" ? For example, my reports don't show checks I write to my credit card (transfers to that account) but rather it shows the transactions of the credit card. Am I making sense? Thanks again. -Ed "Fred Smith" <fredsmith99@yahoo.com> wrote in message news:ZdPPa.417975$ro6.10067040@news2.calgary.shaw.ca... If you want to see a monthly expense for irregular payments like taxes
or insurance, set up a Prepaid Expense asset account. When you pay the bill, post it to the Prepaid Expense account. Then, set up a scheduled transaction to expense 1/6th of the amount each month. -- Regards, Fred Please reply to newsgroup, not e-mail "Ed Landau" <aunst8_2000@yahoo.com> wrote in message news:RysPa.955$_95.94338249@newssvr13.news.prodigy.com... Question of the month :) I pay property taxes twice a year (and insurance etc.). I'd like to find a way to see what that comes out too monthly to determine my budget.


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