"Down Loader" <iamdownloading[at]yahoo.com> wrote in message
news:41232e38$1_1[at]127.0.0.1...
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I use 2004 , it doesn't work that way for me. I can have a income be any
category I want. I have a cash account that I keep track of but I don't use
one with my wife. I give her $100 I use a categroy ATM. If she give me back
$50 (yeah right) or so and I want to deposit it, I use the same category. No
problms.

I do the same for work expenses when I travel. Regardless of what it is I
categories work expenses in a one "Work Expenses" category. I submit my
expense reprot and get a check back , I put the category for the deposit
under the same "Work Expenses" category. When I print a report on that
category I can see what the difference is (Usually has to do with my per
diem vs my actually meal purchases)

I do the same for my Flex Spending medical account. When I get re-imburse
the deposit goes to the same category as the expense.

In the reimbursement example, just classify it as a negative reimburseable
expense.

--
Michael Gordon
MVP
"Down Loader" <iamdownloading[at]yahoo.com> wrote in message
news:41232e38$1_1[at]127.0.0.1...
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DL,

Every deposit DOESN'T have to be an income category!

Do you think it does because you're getting a warning message from
Money?

If so, you can tell Money not to warn you about this under Options. I
turned this off years ago for the same reasons as your's.

When you categorize funds going into (or out of) one of your accounts,
you can choose any category you want (income or expense). The warning
message is only there for those who wish, for whatever reason, to only
have income categories for deposits and expense categories for
withdrawals. As you have found, one's personal finances don't always
work out that way.

Hope this helps.

Regards,
JB


Down Loader <iamdownloading[at]yahoo.com> wrote in message news:<41232e38$1_1[at]127.0.0.1> ...
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Let's clear up some things. Not every deposit has to be categorized as an
income category--or even categorized at all, though Money encourages it. You
can always override this encouragement. Not all income is taxable, nor are
all income categories treated as taxable. You can create your own categories
and call them whatever you want (save names already used) and set them up to
report for tax purposes any way you want. Specific answers inline.

"Down Loader" <iamdownloading[at]yahoo.com> wrote in message
news:41232e38$1_1[at]127.0.0.1...
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Again, not all income is created equal--but in this case, I agree it's not
income at all. If you treat your ATM withdrawals as many of us do, the
withdrawal is just a Transfer to a pocket change account and the deposit is
just a transfer back. The $50 spending is expenses from the pocket change
account. See http://umpmfaq.info/faqdb.php?q=93.

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Many of us would call the first expense Foodining Out and the income als
expense category Foodining Out. Depending on your Options settings, Money
will complain about income categorized as an expense. Tell it you want it
that way. The net category seponding now reflects your Foodining Out, not
your friends.

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Same answer.

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Read Income as Inflow and not necessarily Taxable Income and you will be a
little happier. Read and heed all of the above reasons that your cases are
not income categories at all and you should be even happier.

I don't consider an ATM transaction a Cash withdraw. I consider it a
transfer to my cash account. Since I've not really spent anything yet it's
not an expense yet. If I put 50 bucks back into my checking or savings
account then it's just another transfer. I hope that makes sense.

Zach


On 8/18/04 5:23 AM, in article 41232e38$1_1[at]127.0.0.1, "Down Loader"
<iamdownloading[at]yahoo.com> wrote:

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Why does (if I understand it correctly) every deposit have to be
an "income" category of some type?

If I deposit a paycheck as income that's understandable. Now I
go to the ATM machine and withdraw 100.00 That's a cash
withdraw. Ok, good so far. Now I only spent 50.00 of the
100.00 and I want to redeposit the 50.00 I didn't spend. If I
do, it has to go down as Other Income or something like that.
Then my total income is artificially inflated by 50.00. If I do
that every week, then at the end of the year I'm WAY off in what
it says my total income for the year was.

If I pay someone's dinner on my ATM card and they later write me
a check for the amount as a reimbursement and I deposit it, it's
counted as income. It's not income. It's reimbursement. But
it still goes down as income.

If I buy something and later return it for a refund, it's
income. It's NOT income, it's a refund.

There needs to be NON-INCOME deposit categories and I can't
figure out how to set something like that up.