cash deposit shows up as negative expense

Posted by cmail0925 on September 22, 2007, 1:25 pm

Please log in for more thread options

I took out a 100,000 second mortgage on my house. After fees and
points, I
got about $95,000 back.

I put it in a vanguard account and did a "deposit" for 95,0000. So now
I
have 95,000 in this Vanguard account.

When I go to Income/Expense bar chart (Quicken 2008), it shows up as
a negative
expense The catergory lists "cash" and the amount is negative.

I thought it might show up as income, but I have no clue why it's
showing up
as an expense.

Is there a way to set it up since it shows up as neither?

Posted by John Pollard on September 22, 2007, 2:26 pm

Please log in for more thread options

cmail0925@gmail.com wrote:

> I took out a 100,000 second mortgage on my house. After fees

> and

> points, I

> got about $95,000 back.

> I put it in a vanguard account and did a "deposit" for

> 95,0000. So now

> I

> have 95,000 in this Vanguard account.

> When I go to Income/Expense bar chart (Quicken 2008), it shows

> up as

> a negative

> expense The catergory lists "cash" and the amount is negative.

> I thought it might show up as income, but I have no clue why

> it's

> showing up

> as an expense.

> Is there a way to set it up since it shows up as neither?

If you "transferred" the funds to the brokerage account, it's
possible that Quicken's unusual default category selection for
that graph only includes one of the "account categories" that
make up the transfer. If you click "Options" in the title bar
for the graph, you can customize the the categories that appear
in the graph.

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

Posted by cmail0925 on September 22, 2007, 4:00 pm

Please log in for more thread options

It was a deposit, no transfer involved. I want this account to be
shown in income/expense, because I've bought quite a few funds and
will probably sell them. I'm trying to figure out how to get it to
show up correctly.

Posted by John Pollard on September 22, 2007, 4:13 pm

Please log in for more thread options

cmail0925@gmail.com wrote:

> It was a deposit, no transfer involved. I want this account to

> be

> shown in income/expense, because I've bought quite a few funds

> and

> will probably sell them. I'm trying to figure out how to get

> it to

> show up correctly.

Well what did you categorize the deposit to then?

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

Posted by cmail0925 on September 22, 2007, 5:15 pm

Please log in for more thread options

I was able to fix it by changing it from a deposit, to an "xin"
transaction. In the transfer section, I referred to it as being
transferred from the same account. Now it doesn't show up as income or
expense.
Thanks for the suggestions!