On 2/15/2006 1:18 PM, musicarizona wrote:
Quote:
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Hi, this is my first post. Hope I present the question properly. I'm using Q2004; I create invoices for a small business I have. What I want to do is a) record the gross amount of check payment AND b) show the deposit of check into my checking account LESS the amount of cash I receive at the time of deposit. Can I do this EASILY in Quicken2004? Thanks for your help and suggestions.
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You use a Split to do it. In your Checking Account register, enter
whatever description you want for the overall transaction, and enter the
NET amount of the deposit.
Instead of entering a category, click Split. Then enter the category
for the reason you're being paid; enter the Gross amount of the payment;
enter the category for the cash that you're keeping (perhaps Cash, or My
Wallet). Quicken will calculate the amount you are keeping and fill it
in for you.
To be a bit more technical, Quicken will calculate the amount you're
keeping as a negative "deposit" to your checking account, and as a
positive deposit to your Cash account.
It will be simpler when you actually try it than it is to read about it.
Bernie
Check Deposit with Cash back
Linear Mode
