You can use the special Transfer category to record transfers or you can do a Linked Transfer which actually creates a relationship between two transactions in a separate account. Two types of transfers are supported in Quicken As such, these transactions are neither income nor expenses.
You did not spend (you still have the cash), and you did not earn income (you have the same net worth you had before the transfer). Suppose you are moving money from checking to savings. As such, transfers are excluded from Spending and Income reports and charts. Quicken considers a transfer to be neither an income nor an expense transaction. Loan payments from a checking account to a liability account that tracks the balance of the loan.Cash advances from a credit card account to a checking account.A credit card payment (movement of funds from a checking account to a credit account).Movement of funds between a checking account and a brokerage account.Movement of funds between a checking account and a savings account.
Some examples of transfer transactions include: That is, any transaction that is not income or expense, just the movement of money from one account to another. A transfer is a special transaction used when you are recording a transaction between two accounts you track in Quicken.
