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Posted by sharx35 on August 21, 2007, 8:14 am
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> wrote:
>
>>
>>> wrote:
>>>
>>>>
>>>>> lanman wrote:
>>>>>> In the 2008 version, does anyone know if the split transaction line
>>>>>> items are still limited to 30? That limitation prevents me from
>>>>>> entering the credit card detail I want. Thanks...
>>>>>
>>>>> Google the archives ("quicken credit card payments split") on how to
>>>>> enter
>>>>> credit card transactions and a *single* credit card payment. If you
>>>>> think
>>>>> you should be entering every one of the transactions when you pay your
>>>>> credit card bill, you might not be understanding how to enter credit
>>>>> card
>>>>> payments.
>>>>>
>>>>> One post from the past is (and I am quoting someone else here) "[*]
>>>>> I'm
>>>>> assuming you know that the "right" way to do this is create a credit
>>>>> card
>>>>> account and enter all your purchases in the credit card register; then
>>>>> a
>>>>> payment is a simple transfer from your checking account to the credit
>>>>> card
>>>>> account--one item! :) "
>>>>
>>>>
>>>>Yes, that is PRECISELY the proper way to do it.
>>>>
>>>
>>> What I've always done is take my credit card statements when they
>>> arrive in the mail, and at that time categorize each transaction in
>>> Quicken. I separate any inadvertant business purchases put on a
>>> personal credit card, and I track my wife's spending vs. my own
>>> because we each pay for our own purchases.
>>>
>>
>>I can understand you separating out business expenses, for tax reasons,
>>among others. However, WHAT is the point if separating out
>>your wife's purchases? MOST people, when they get married, MERGE all their
>>finances. I just do NOT
>>understand this nitpicking about WHICH spouse spends money on whatever.
>>
>>
>>> This has only become a problem for me in the last year or so since
>>> more and more small merchants are accepting credit cards, e.g.
>>> McDonalds's, etc. I put everything I can on a credit card because it
>>> allows me to better see where the money is being spent, and I get cash
>>> back on most of my cards.
>>
>>Likewise, whenever possible I use the credit card, for cash back purposes
>>and
>>to avoid having to have much cash on hand.
>>
>>>
>>> Using your method, would I not have to enter each credit card
>>> transaction in the Quicken credit card account(s) as they occur. If
>>> so, I prefer to do it all at once when my statement arrives. I also
>>> don't do downloads from my bank because years ago my checking account
>>> got hopelessly messed up with online downloads and I never could
>>> straignten it out. I eventually had to force a balancing transaction.
>>> Thanks again...
>>>
>>
>>What's the big deal about entering them as they occur? When we get home,
>>we
>>put our credit
>>card receipts into a basket. When I have the time, I enter them. When
>>the bill comes, I do a RECONCILE. I don't do downloads from
>>financial institutions because they cause more problems than they solve.
>>
>
> Not a big deal at all. For me, it's probably just a habit. So do you
> know if Q2008 allows for more than 30 line items?
>
If I knew that answer, I wouldn't be able to say--as Q2008 hasn't been
released here. It is irrelevant as the MOST number of split items I have
ever used was about 7. That occurred when I was inputting my credit card
entry of a supermarket bill: on the 1 bill were items falling into 7
different expense categories, e.g. groceries, toiletries, over the counter
drugs, cleaning materials, etc..
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