quicken is reversing credit card transactions

since I overpaid the credit card balance every transaction is the reverse charges are deducted and payments are added

Answer

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1.) When you make a credit card purchase, the credit card balance always becomes more negative (less positive).
2.) When you make a credit card payment, the credit card balance always becomes more positive (less negative).

If the credit card balance is already positive (greater than zero) when you make a purchase ... that balance is going to get less positive ... as per #1.

If the credit card balance is already postive (greater than zero) when you make a payment ... that balance is going to get more positive .... as per #2.

[Note that when you overpay, the credit card company owes you the money, so the Quicken balance amount changes from negative (red) to positive (black). That's a clue for you to be aware that you need to think of the balance differently than when you owe the credit card company.]

Examples:

If the credit card balance is -$100 (red) and you make a $25 purchase, the balance will become $-125 (more negative).

If the credit card balance is -$100 (red), and you make a $25 payment, the balance will become -$75 (less negative).


If the credit card balance is +$100 (black) and you make a $25 purchase, the balance will become +$75 (less positive).

If the credit card balance is +$100 (black) and you make a $25 payment, the balance will become +$125 (more positive).
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Default user avatars original d5efadcf497ea7b3d86c6f8d148d66633a29ce78fa8391af628adf32d9989354
NoWayJose , Q2014 RPM
SuperUser
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