Credit Card Payments

I have both bank and credit card accounts on Quicken 2011.  When I make a credit card payment, it shows up as a + in expenses for my checking account.  Since my credit card payments are larger than my utility payments, I end up with a - balance in Bills & Utilities.  Credit card payments are made by electronic transfer, not paper checks.
I tried making the Credit Card payments into Transfers, but received a message that I was making a transfer into the source account, presumably the checking account.
How do I make the credit card payment into a minus in the checking account and have it show up as a plus in the credit card accounts?


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A true Quicken transfer uses the account names as the category in the transactions.  In your case the checking account transaction will reference the CC account in the category and vice versa in the CC account.  You will find the correct category to use near the bottom of the "All" categories list with the account name in square brackets, i.e. [checking].
In Q'2011 and 2012 (might be available in other versions), you can do this easily by being in the checking account and selecting "Transfer Money" from the Account Actions drop down list.  You will then be prompted for the account to receive the transfer and the amount of the transfer.  Look at the resultant transaction and you will see what I meant by the account name in the category.
When you create a transfer, Quicken will generate the matching transaction in the other account, a debit in one and a credit in the other.
If you customize your reports to exclude transfers, the transactions will not be counted twice as income or expense where that might be an issue.

If you download from the financial institution, you will want your manually entered  transactions to be in place prior to the download and then match the downloaded transactions to the existing transactions.

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