Sunday, December 4, 2011

How to set up an account in quickbooks to track expenses without any cash/deposits?

Hello, I am new to quickbooks.





Is there any way to set up a new account to keep track of expenses, that is not an real bank account? That doesn't have any deposits? I just want a 'bank account' setup where I can enter transactions for expenses to keep track of them, but this is not a real bank account, just to keep track of expenses. Not having any deposits.





Thanks.|||Why not? QB will just think you have really, really, overdrafted your checking account.





Have you considered doing it in excel so you can copy the workbook to new workbooks in the same file and sort and summarize the data any way you want whenever you want - - monthly, yearly,,,, without disturbing the original data? Then you can deal with "positive" numbers, when you query how much you spent for each category, or in total.

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