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Quicken Community / Forums / Quicken Online--the Online Quicken product / Categorizing Transactions to see Trends /
Credit card expenses--double counted in pie chart
Jun 27, 2008 08:45 am

[Kathryn, Quicken]
Quicken Kathryn
Arizona
Total posts: 1659
Voted helpful: 78
Number of years using Quicken: 2 to 5 years
Quicken Premier 2009
Windows XP
This post is about: Quicken Online

Hi All,

There has been some confusion on how Quicken handles credit card expenses and if they are being ‘double counted.’   There is an quick, easy way to make sure that you don’t see “credit card” show up in your pie chart.


For credit card payments in your checking account (when you are also tracking your credit card) use the category "Transfer Out." For the corresponding transaction in your credit card account use "Transfer in." Quicken Online ignores transactions using these categories when reporting on your spending.


Please let us know if you need more clarification.

Quicken Kathryn

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[NoWayJose]

Total posts: 3159
Voted helpful: 541
Number of years using Quicken: 6 to 10 years
Quicken Premier 2008
Windows XP
This is a new post #7
of 15 		Credit card expenses--double counted in pie chart
May 20, 2009 05:19 am 
Reply to this message  
This post is about: Quicken Online
Quoted from: esneaubk (May 19, 2009 7:38 pm)
I have tried doing this, but now when I click the "Overview" tab under my Main checking account, instead of seeing a large pie cut for "Credit Card" it's just relabeled as "Transfer Out". Am I missing something? I thought the whole idea was to eliminate this large pie cut for expenses that were already being tracked in the "Credit Card" pie chart. Am I the only one having this problem? If so, what am I doing wrong?

You're posting in the wrong forums.

These forums are for Quicken Online; a totally separate product from Quicken for Windows, the Quicken desktop product.



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  • Brinn (Jun 22, 2009 7:02 pm)



    • How to ask a question. http://support.microsoft.com/kb/555375
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    [Brinn]

    Total posts: 1
    This is a new post #8
    of 15         		Credit card expenses--double counted in pie chart
    Jun 22, 2009 06:02 pm 
    Reply to this message  
    This post is about: Quicken Online
    Replying to: NoWayJose (May 20, 2009 6:19 am)
    This is the online product area.

    My issue with this is that my Transfer Out category works fine (i.e. nothing counted in the Expenses pie chart), but my Transfer In category is being included in the income totals.

    When I started using the program, there was an existing Transfer Out Category, but not a Transfer In Category. I had to create one and it does not work properly.

    Help.

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    [naive]

    Total posts: 2
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    This is a new post #9
    of 15         		Credit card expenses--double counted in pie chart
    Jun 22, 2009 06:59 pm 
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    This post is about: Quicken Online
    Kathryn -

    My credit card charges are being shown as income in the pie charts/trend analysis, rather than as expenses. In the transactions summary tab, they show up in green without the minus ("-") sign that is reflected for checks and cash/check card payments (which are reflected in black).

    How do I ensure these credit charges are properly shown as expenses and categorized (Dining, Auto, etc)?

    Thanks,
    NGI

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  • vincentsking (Aug 1, 2009 8:06 pm)



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    [vincentsking]

    Total posts: 6
    Voted helpful: 1
    This is a new post #10
    of 15         		Credit card expenses--double counted in pie chart
    Aug 01, 2009 07:06 pm 
    Reply to this message  
    This post is about: Quicken Online
    Replying to: naive (Jun 22, 2009 7:59 pm)
    have the same problem. how to fix?

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  • reinertsue (Sep 29, 2009 6:41 pm)



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    [reinertsue]
    Massachusetts
    Total posts: 2
    Voted helpful: 1
    This is a new post #11
    of 15         		Credit card expenses--double counted in pie chart
    Sep 29, 2009 05:41 pm 
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    This post is about: Quicken Online
    Replying to: vincentsking (Aug 1, 2009 8:06 pm)
    I also have that problem, makes the trends info useless.

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    [reinertsue]
    Massachusetts
    Total posts: 2
    Voted helpful: 1
    This is a new post #12
    of 15         		Credit card expenses--double counted in pie chart
    Oct 05, 2009 06:51 am 
    Reply to this message  
    This post is about: Quicken Online
    I've been having a problem with credit card payments being counted as income (transfer in) while transfer out is not counted as expense. One way to fix this, though a little laborious, is to delete the transfer in transactions. That way my trends are accurate.

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    [austinrichards]

    Total posts: 2
    This is a new post #13
    of 15         		Credit card expenses--double counted in pie chart
    Oct 24, 2009 03:46 am 
    Reply to this message  
    This post is about: Quicken Online
    hey i got ur problem,i am facing same prob.someone help us..................

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  • gsdavis (Oct 27, 2009 6:58 pm)



    • payday loans
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    [gsdavis]

    Total posts: 1
    Number of years using Quicken: 6 to 10 years
    Windows Vista
    This is a new post #14
    of 15         		Credit card expenses--double counted in pie chart
    Oct 27, 2009 05:58 pm 
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    This post is about: Quicken Online
    Replying to: austinrichards (Oct 24, 2009 4:46 am)
    I got it to work for me. I was getting VISA in my trends and I couldn't change the category to "Transfer Out".

    So, I did an intermediate step. I changed all my VISA payments to "Vacation/Travel" and that seemed to stick. Then I changed all of them to "Transfer Out" and it seemed to stick.

    VISA no longer shows up in my Trends.

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    [daniel60640]

    Total posts: 2
    This is a new post #15
    of 15         		Credit card expenses--double counted in pie chart
    Nov 23, 2009 03:15 pm 
    Reply to this message  
    This post is about: Quicken Online
    I would like to track how much money I'm spending on credit card bills on cards which are only carrying a balance (which I'm trying to pay down and not using). I want to see how much I'm spending a month just to this goal. How do I do that? Do I need to eliminate these accounts so I no longer have the transfer in/out issue and can view them as an expense? I don't think there is a way to show this transfer in/out as an expense like this, is there?

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