Income and Expense by Category

[inf...@mindspring.com]

In Quicken 2012, I want to do an income and expense report by
category, but Quicken insists on counting inter-account transfers as
income for the receiving account. I tried customizing the category
list and checking only the income stream I want but no dice.

How do I include only *real* income?

[John Pollard]

inf...@mindspring.com wrote

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All Quicken categories - and every transfer transaction contains a
category - are either income-like or expense-like. Some Quicken reports will
display the transfers in a separate group (income, expense, transfers),
other reports only offer the income/expense breakdown.

And where you see a transfer in the income group, you should also see its
other half in the expense group ... unless you have specifically customized
the report to exclude all "expense" transfer categories.

When transfer transactions are selected for a report, it usually depends on
what report, and what report "Organization" (Display tab of Customize
dialog) you are using, as to how the transfers will be displayed.

There are three ways to control (select) transfers for reports.

1.) At the macro level, you can exclude all transfers from virtually every
Quicken report. See the Transfers dropdown on the Advanced tab of the
Customize dialog.

2.) If you want to see some transfers, but not all; you can select/deselect
them by category - which sounds like what you did. That will work if you
choose the correct categories. What I sometimes call "account categories"
(or "transfer categories") are at the end of the list of categories on the
Categories tab in the Customize dialog. Selecting, or deselecting, the
correct categories will include or exclude the specific transfer categories
you select or deselect.

3.) The lowest level of control over transfers would be by transaction. To
utilize that approach, you'd have to have something in each transfer
transaction that would allow you to identify it for reporting purposes. You
could use specific payee names, for example; or you could put some unique
text in the Memo field of the transactions you wanted to control in reports.
You probably already know how to include/exclude "payees" for reports: but
you can also include/exclude transactions by what their Memo fields
"contain" (see the "Memo contains" field on the Categories tab in the
Customize dialog).

As I read your post, you didn't want any transfers in the report. You should
be able to eliminate all your transfers from the report by using method #1.

[inf...@mindspring.com]

Thank you.