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Subject Author Date
Prevent Quicken from viewing Transfers as Income and Expense xshoppingx 03-20-2007
Posted by xshoppingx on March 20, 2007, 10:51 pm
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 I have Quicken Deluxe 2007. I transfer money between accounts
frequently, as do most others. The problem is that Quicken treats
these transfers as Income and Expense items, so when I view a report
for monthly activity, the transfers end up distorting the true Income
and Expense amounts.

The net difference is zero, as there are the same number of Transfer
Income items as there are Transfer Expense items. The problem is that
I can't see the true Income and Expense amounts without having to
manually subtract the Transfer items.

Does anyone know of a workaround?

Thanks


Posted by John Pollard on March 21, 2007, 10:44 am
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 xshoppingx@gmail.com wrote:
> I have Quicken Deluxe 2007. I transfer money between
> accounts frequently, as do most others. The problem is
> that Quicken treats these transfers as Income and Expense
> items, so when I view a report for monthly activity, the
> transfers end up distorting the true Income and Expense
> amounts.
>
> The net difference is zero, as there are the same number
> of Transfer Income items as there are Transfer Expense
> items. The problem is that I can't see the true Income
> and Expense amounts without having to manually subtract
> the Transfer items.
>
> Does anyone know of a workaround?

I wouldn't call it a workaround.

Quicken *defaults* to including transfers in most reports, but
it also defaults to including all accounts and all categories in
most reports. If Quicken's defaults are not what you want ...
you Customize the report.

You can exclude accounts you don't want. You can exclude
categories you don't want. And you can exclude transfers you
don't want.

You can either exclude all transfers (on the Advanced tab in the
Customize dialog), or you can exclude only the transfers to/from
specific accounts (on the Categories tab in the Customize
dialog).

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by Frederick on May 2, 2007, 7:37 pm
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Hi, forgive me if I'm wrong, but it appears from your source address that
you may be using the Australian Edition (as I am) - if so I have the same
complaint. As John Pollard advises you can alter the REPORTS to give you the
results you require. However, if you are referring to Quicken Home Tab -
Projected Cash Flow mini charts? i.e. +IN, -Out, =Whats Left, I have the
same problem. Maybe I'm missing something to be able to correct this?
Regards Frederick

>I have Quicken Deluxe 2007. I transfer money between accounts
> frequently, as do most others. The problem is that Quicken treats
> these transfers as Income and Expense items, so when I view a report
> for monthly activity, the transfers end up distorting the true Income
> and Expense amounts.
>
> The net difference is zero, as there are the same number of Transfer
> Income items as there are Transfer Expense items. The problem is that
> I can't see the true Income and Expense amounts without having to
> manually subtract the Transfer items.
>
> Does anyone know of a workaround?
>
> Thanks
>



Posted by Frederick on May 2, 2007, 7:40 pm
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> Hi, forgive me if I'm wrong, but it appears from your source address that
> you may be using the Australian Edition (as I am) - if so I have the same
> complaint. As John Pollard advises you can alter the REPORTS to give you
> the results you require. However, if you are referring to Quicken Home
> Tab - Projected Cash Flow mini charts? i.e. +IN, -Out, =Whats Left, I
> have the same problem. Maybe I'm missing something to be able to correct
> this?
> Regards Frederick
>
>>I have Quicken Deluxe 2007. I transfer money between accounts
>> frequently, as do most others. The problem is that Quicken treats
>> these transfers as Income and Expense items, so when I view a report
>> for monthly activity, the transfers end up distorting the true Income
>> and Expense amounts.
>>
>> The net difference is zero, as there are the same number of Transfer
>> Income items as there are Transfer Expense items. The problem is that
>> I can't see the true Income and Expense amounts without having to
>> manually subtract the Transfer items.
>>
>> Does anyone know of a workaround?
>>
>> Thanks
>>
>
OOps I top posted, sorry.

>



Posted by John Pollard on May 2, 2007, 9:33 pm
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Frederick wrote:
> Hi, forgive me if I'm wrong, but it appears from your
> source address that you may be using the Australian
> Edition (as I am) - if so I have the same complaint. As
> John Pollard advises you can alter the REPORTS to give
> you the results you require. However, if you are
> referring to Quicken Home Tab - Projected Cash Flow mini
> charts? i.e. +IN, -Out, =Whats Left, I have the same
> problem. Maybe I'm missing something to be able to
> correct this? Regards Frederick

Neither of my two current newsgroup servers have the previous
posts in this thread, and I'm feeling a bit too lazy at the
moment to go to Google to find them; so perhaps I will get
something out of context here.

I don't know whether I had Q2007 when I last replied to anyone
in this discussion, but I have it now.

I agree with you that you can not eliminate transfers from the
Q2007 Home tab In/Out/What'sLeft display. But that display is
not about income or expense: it's about "Projected Cash Flow"
... and projected "cash flow" is not the same as projected
"income/expense".

I believe that "transfers" can be a legitimate ingredient in
cash flows in situations when they are not a legitimate
ingredient in income/expense.

While I can not address whether the Home tab Projected Cash Flow
accurately describes "cash flow" or whether you should need the
ability to "correct" that display (part of which depends on
Intuit's intention for the display, which I think is described
in the Help); I don't think the Projected Cash Flow display
should be expected to address projected "income" and "expenses"
when that is not its purpose.

--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup




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