![]() (If you've used older versions of Quicken for Mac or Quicken for Windows, this the classic Quicken transfer you've used in those products.) Just like the Transfer category, a Linked Transfer is considered neither income nor expense and is excluded by default from spending reports. In short, any account-to-account "transfer" where you gain income or incur a real expense is probably best handled by the appropriate income or expense category, not a transfer.Ī Linked Transfer creates a direct relationship between two transactions in different accounts tracked in Quicken.a transfer of money to you from a third party, such as direct deposit of your paycheck or payment for services of goods.A transfer of money to a third party to pay a bill or expense.A transfer of money to a friend or relative as a gift.Inappropriate uses of the Transfer category might include: Credit card payments (there is a special Transfer subcategory just for credit card payments-see also the help topic on credit cards below.Transactions that move money between checking accounts and brokerage accounts.For example, if you added your Checking account to Quicken but did not add your Savings account, using the Transfer category ensures that this transaction is still considered "neutral" (neither income nor expense) in reports and graphs. Transactions that move money between an account you track in Quicken and an account you do not track in Quicken.Assigning a specific account name is not required. Just assign the Transfer category to both the outgoing checking transaction and incoming savings transaction. ![]()
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