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Transfers from Accounts not in MD database - like I could in Quicken

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IanJGC

30 Dec, 2015 02:52 AM

In Quicken when I wanted to transfer money in or out of a Quicken Account to an account that I did not track in Quicken, I did a transfer to the same account in Quicken where the money was being deposited or removed but with the account name in [ . .] brackets as the source/destination. This worked well for money I did not want to track in Quicken.

eg Transfer $100 into account ABC in Quicken from an place not monitored by Quicken: In account ABC I would put a deposit of $100 from account [ABC], resulting in an increase of $100 in the balance on account ABC.

How do I do the equivalent in MD 2015 (Windows)? In MD I cannot transfer money "to the same account" as in Quicken, so how do I code a transaction to make this work?

1. 1 Posted by Ben Spencer on 30 Dec, 2015 03:01 PM

   

   Hi

   I believe the simplest solution is to create an expense category called "Transfers out". Then when you enter the transaction select that expense category.

   Ben Spencer
   Infinite Kind Support

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2. 2 Posted by IanJGC on 31 Dec, 2015 03:22 AM

   

   Ben:
   I guess that would be the easy way - I was thinking more complicated! - Thanks

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3. IanJGC closed this discussion on 31 Dec, 2015 03:23 AM.