Are these transfers between accounts?

Quicken Classic for Windows may detect transactions that appear to be transfers between your accounts. This usually happens when a transaction in one account closely matches another transaction in a different account. Before adding these to your registers, Quicken asks you to confirm whether they should be recorded as transfers.

What confirming transfers means

When two transactions in different accounts have the same amount and occur around the same time, Quicken assumes they may be part of a transfer. Confirming a transfer tells Quicken to treat these paired transactions as a single movement of money from one account to another. This prevents the same amount from being counted twice in your overall account balances and keeps your financial records accurate.

To confirm transfers between accounts

1. Review the list of possible transfers.

2. Select the matching transaction pairs you want Quicken to treat as transfers.

3. Select Yes to confirm the selected transactions as transfers.

   • Quicken will create a linked transfer between the two accounts.

4. Select No to reject all detected transfers.

   • Quicken will enter each transaction separately in its respective account as individual income or expense entries.

Confirming transfers keeps your records accurate and prevents duplicate entries across accounts.