Enter and memorize a split transaction with percentages

You can memorize a split transaction that uses percentages instead of fixed amounts. For example, to split a utility bill between you and a roommate, Quicken can calculate each share every time you enter the bill. You can also do this in the Write Checks window.

Enter and memorize a split transaction with percentages

Enter the transaction, split it by percentage, and save it to the memorized payee list in one pass.

1. Open the account you want to use. In the register, enter the date and payee.

2. Enter the total amount of the transaction in the Payment or Deposit field.

3. Click the Split icon on the transaction toolbar ( ), or click the Category field and click Split in the category list.

4. In the Split Transaction window, select the Show % check box. A percentage column appears to the right of the Amount column.

5. On the first line, type or select a category, and enter its percentage in the percentage column.

6. On the next line, assign a category to the amount Quicken added, and change its percentage if needed. Repeat until every line has a category. You can enter a memo for each line (optional).

7. Select the Save to the Memorized Payee List check box, click by Amount, and choose by Percent.

8. Click OK.

9. Click Save.

Quicken keeps the Remainder at 0.00 by placing any amount you haven't assigned on the next empty line. If you change a value in the percentage column, Quicken recalculates that line's amount.

Quicken doesn't carry the Show % setting from one split to the next. It stays selected only for splits you memorize by Percent. The by Percent option appears only when Show % is selected. If you memorize a split by Amount, Quicken stores fixed dollar amounts instead of percentages.

You can also type a percentage directly in the Amount column, followed by a percent sign, as in 60%. Quicken converts it to a dollar amount when you move to the next field.

Use a memorized split with percentages

When you enter a transaction for the memorized payee, Quicken asks for the total and splits it for you.

1. Scroll to the bottom of the register or Write Checks window, and select the blank transaction line.

2. In the Payee field, enter the memorized payee, and press Tab.

3. In the Percentage Split dialog, enter the total in the Enter amount for this transaction field, and click OK.

4. Click Save.

Quicken enters the transaction for the amount you specify and splits it according to the percentages stored for the memorized payee.