auto debits?

Posted by Eva on May 25, 2008, 1:32 pm

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Hello,

Our health Ins. Co. automatically debits our checking account monthly. How
do I set something like that up in Quicken Basic 2007 so I don't have to
keep remembering that an amount is coming out of our checking at the end of
each month?
TIA
Eva

Posted by John Pollard on May 25, 2008, 4:57 pm

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Eva wrote:

> Hello,

> Our health Ins. Co. automatically debits our checking account

> monthly. How do I set something like that up in Quicken Basic

> 2007

> so I don't have to keep remembering that an amount is coming

> out of

> our checking at the end of each month?

Create a Scheduled Transaction.

You can create one from scratch by going to

Cash Flow > Scheduled Bills & Deposits > Create New

or by right-clicking on an existing transaction in your checking
account that you want to schedule, then left-clicking "Schedule
bill or deposit".

--

John Pollard
First initial underscore Last name at mchsi dot com
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Posted by Eva on May 25, 2008, 5:46 pm

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ok I see.
Then after my account is actually dinged for the auto debit, I can just
click on skip and it will show up again the next month, reminding me of the
upcoming debit.
Thanks!

> Eva wrote:

>> Hello,

>> Our health Ins. Co. automatically debits our checking account

>> monthly. How do I set something like that up in Quicken Basic 2007

>> so I don't have to keep remembering that an amount is coming out of

>> our checking at the end of each month?

> Create a Scheduled Transaction.

> You can create one from scratch by going to

> Cash Flow > Scheduled Bills & Deposits > Create New

> or by right-clicking on an existing transaction in your checking account

> that you want to schedule, then left-clicking "Schedule bill or deposit".

> --

> John Pollard

> First initial underscore Last name at mchsi dot com

> Please reply to newsgroup

Posted by John Pollard on May 25, 2008, 9:09 pm

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Eva wrote:

> ok I see.

> Then after my account is actually dinged for the auto debit, I

> can

> just click on skip and it will show up again the next month,

> reminding me of the upcoming debit.

No. You should not click "Skip"; you should click "Enter".

If you have "entered" the Scheduled Transaction before you
download the actual transaction from your financial institution,
the downloaded transaction will "Match" the transaction you have
already "entered" in your Quicken account register (which, in
your specific case, should already have been correctly
categorized) ... so the downloaded transaction will only mark
the existing register transactions as "cleared", and apply the
correct "date posted" to the existing register transaction (the
"date posted" is normally hidden ... if you want to know more,
post back).

--

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

Posted by Eva on May 25, 2008, 9:14 pm

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Ohhhhhhhh I see.
OK, thanks again.
Eva

> Eva wrote:

>> ok I see.

>> Then after my account is actually dinged for the auto debit, I can

>> just click on skip and it will show up again the next month,

>> reminding me of the upcoming debit.

> No. You should not click "Skip"; you should click "Enter".

> If you have "entered" the Scheduled Transaction before you download the

> actual transaction from your financial institution, the downloaded

> transaction will "Match" the transaction you have already "entered" in

> your Quicken account register (which, in your specific case, should

> already have been correctly categorized) ... so the downloaded transaction

> will only mark the existing register transactions as "cleared", and apply

> the correct "date posted" to the existing register transaction (the "date

> posted" is normally hidden ... if you want to know more, post back).

> --

> John Pollard

> First initial underscore Last name at mchsi dot com

> Please reply to newsgroup