In microsoft.public.money, Jay wrote:

- quote -

There is more than one good way to download your credit card
data and have also the payment downloaded from a checking account.
Here are two ways I like:

1. When you process the first transaction of the credit card
payment, set the category as a transfer to the other ( credit card
or bank account), or use the equivalent "SPECIAL Credit Card
Payment" category. When you process the second transaction,Money
should match it. Be careful to not just Accept if Money did not
find the match on its own for some reason. Click Change and match
it to the transfer you already made if Money did not match it for
you. I would consider this the classic of the ways I like. Note
that for this you would *not* use the Money 2005 "EXPENSE Credit
Card Payment".


2. In method 2, don't handle credit card payments as transfers or
the pre-defined "Credit Card Payment Instead create one category of
"CC payment" or some such. If you define the category as an
expense category, expect a warning when you use it to represent the
payment within the credit card account -- if you have the warning
enabled. Just click Yes in response to the warning. The category
should net at zero in reports across accounts, and you can still
customize to ignore the category if you like. use the Money 2005
"EXPENSE Credit Card Payment". For this method you could use
the Money 2005 "EXPENSE Credit Card Payment".


In analyzing spending, note that the spending occurs when you do
the Buy with the credit card -- not when you pay the credit card
bill.

I download statements from my bank and credit card company. When I
categorize the items I do not know how to categorize the payments to the
credit card company. If I categorize as Transfer: credit card it creates
another entry and the account goes out of balance. If I don't categorize
them in reports I get these as Other expenses/Other income. This is true in
the case of account to account transfers I make between two accounts in the
same bank. No idea how to categorize them. Hope I have made myself clear.
Can somebody help?