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  #13  
Old 02-16-2005, 01:18 AM
Dick Watson
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Default Re: Deferred Payment

Gee. I thought I just did.

You can create a new category by typing out one it doesn't know. (There are
other ways as well.) It will ask if you want to create this category.

You know, apparently, how to categorize transactions. Just take the payment
you made to the cleaners and categorized it Miscellaneouseposit, credit to
follow (or whatever works for you). Note the above about it getting created
if it doesn't already exist.

If you know how to split a transaction, when you get some laundry done just
enter a transaction that is split. Assign the amount of the receipt to the
category you used to use. Then enter another split line, using the category
created for the deposit amount, and the negative (use ()s or - sign) and the
exact same amount.

"VerticalCobra" <VerticalCobra[at]discussions.microsoft.com> wrote in message
news:307E7AD8-E623-4B6F-9CF3-0113FCE364A5[at]microsoft.com...
- quote -

> Dick : Seems the way to go ! However, forgive me if I appear like a noob
> because thats what I am, but could you please spell it out exactly how you
> go
> about this ? Thanks
> "Dick Watson" wrote:
> > Here's how I've handled similar cases:
> > > - Create a category like Miscellaneouseposit, credit to follow

> > - When you make the initial payment, expense it to Miscellaneouseposit,
> > credit to follow
> > $100 Miscellaneouseposit, credit to follow
> > - When you spend some of this balance, use a split:
> > $20 Miscellaneous:Laundry
> > ($20) Miscellaneouseposit, credit to follow
> > Note this transaction adds up to $0, but reduces expenses in one category
> > and increases them in the other. Expenses in Miscellaneouseposit,
> > credit
> > to follow eventually net to $0.



  #12  
Old 02-15-2005, 11:53 PM
VerticalCobra
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Posts: n/a
Default Re: Deferred Payment

Dick : Seems the way to go ! However, forgive me if I appear like a noob
because thats what I am, but could you please spell it out exactly how you go
about this ? Thanks

"Dick Watson" wrote:

- quote -

> Here's how I've handled similar cases:
> - Create a category like Miscellaneouseposit, credit to follow
> - When you make the initial payment, expense it to Miscellaneouseposit,
> credit to follow
> $100 Miscellaneouseposit, credit to follow
> - When you spend some of this balance, use a split:
> $20 Miscellaneous:Laundry
> ($20) Miscellaneouseposit, credit to follow
> Note this transaction adds up to $0, but reduces expenses in one category
> and increases them in the other. Expenses in Miscellaneouseposit, credit
> to follow eventually net to $0.
> "VerticalCobra" <VerticalCobra[at]discussions.microsoft.com> wrote in message
> news:F461CC97-1A84-4789-9422-5ECB02645A43[at]microsoft.com...
> > I make a credit card payment of say $100 for laundry and the money is

> debited
> > immediately. However, I use the laundry over a period of time and I wish

> to
> > account for this money as and when the transactions actually take place.

> That
> > way I can get a correct handle on how much is really spent on laundry

> every
> > month and not just that one time advance payment. Is there any way to do
> > this ?

  #11  
Old 02-15-2005, 11:45 PM
VerticalCobra
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Posts: n/a
Default Re: Deferred Payment

Just so that I can get a monthly expense done correctly.

"Dick Watson" wrote:

- quote -

> But does it matter? If you spend $100 this month on Laundry that is actually
> $33 this month, $33 next month, and $34 the month after, does it really
> matter? $100 every three months still works out the same.
> "VerticalCobra" <VerticalCobra[at]discussions.microsoft.com> wrote in message
> news:ADCE031B-0F5D-45FC-9C2B-D865DB68C5E8[at]microsoft.com...
> > The reason I am hesitating making a new account is that the "laundry

> account"
> > is only worth $15 per initial payment, with $3 utilised every time the
> > laundry is actually used. Thus I thought perhaps an easier way would be

> more
> > apt.
> > My main aim here is ONLY to get Money to track the spending over the

> actual
> > period that I use the laundry and not only as a one time payment.

  #10  
Old 02-15-2005, 02:48 PM
Dick Watson
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Posts: n/a
Default Re: Deferred Payment

Here's how I've handled similar cases:

- Create a category like Miscellaneouseposit, credit to follow
- When you make the initial payment, expense it to Miscellaneouseposit,
credit to follow
$100 Miscellaneouseposit, credit to follow
- When you spend some of this balance, use a split:
$20 Miscellaneous:Laundry
($20) Miscellaneouseposit, credit to follow
Note this transaction adds up to $0, but reduces expenses in one category
and increases them in the other. Expenses in Miscellaneouseposit, credit
to follow eventually net to $0.

"VerticalCobra" <VerticalCobra[at]discussions.microsoft.com> wrote in message
news:F461CC97-1A84-4789-9422-5ECB02645A43[at]microsoft.com...
- quote -

> I make a credit card payment of say $100 for laundry and the money is
debited
> immediately. However, I use the laundry over a period of time and I wish

to
> account for this money as and when the transactions actually take place.

That
> way I can get a correct handle on how much is really spent on laundry

every
> month and not just that one time advance payment. Is there any way to do
> this ?



  #9  
Old 02-15-2005, 02:06 PM
Cal Learner-- MVP
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Posts: n/a
Default Re: Deferred Payment

In microsoft.public.money, VerticalCobra wrote:

- quote -

> The reason I am hesitating making a new account is that the "laundry account"
> is only worth $15 per initial payment, with $3 utilised every time the
> laundry is actually used. Thus I thought perhaps an easier way would be more
> apt.


Alternatives would be more convoluted.

- quote -

> My main aim here is ONLY to get Money to track the spending over the actual
> period that I use the laundry and not only as a one time payment.


  #8  
Old 02-15-2005, 02:00 PM
Dick Watson
Guest
 
Posts: n/a
Default Re: Deferred Payment

But does it matter? If you spend $100 this month on Laundry that is actually
$33 this month, $33 next month, and $34 the month after, does it really
matter? $100 every three months still works out the same.

"VerticalCobra" <VerticalCobra[at]discussions.microsoft.com> wrote in message
news:ADCE031B-0F5D-45FC-9C2B-D865DB68C5E8[at]microsoft.com...
- quote -

> The reason I am hesitating making a new account is that the "laundry
account"
> is only worth $15 per initial payment, with $3 utilised every time the
> laundry is actually used. Thus I thought perhaps an easier way would be

more
> apt.
> My main aim here is ONLY to get Money to track the spending over the

actual
> period that I use the laundry and not only as a one time payment.



  #7  
Old 02-15-2005, 01:43 PM
VerticalCobra
Guest
 
Posts: n/a
Default Re: Deferred Payment

The reason I am hesitating making a new account is that the "laundry account"
is only worth $15 per initial payment, with $3 utilised every time the
laundry is actually used. Thus I thought perhaps an easier way would be more
apt.
My main aim here is ONLY to get Money to track the spending over the actual
period that I use the laundry and not only as a one time payment.

"KHRISTOS CORZANO" wrote:

- quote -

> --
> buysellhomeloan.com buy sell home loan
> Khristos Corzano
> Home Loan Consultant
> Clarion Mortgage Capital
> Cell (951) 375-9803
> Fax (951) 929-4008
> www.buysellhomeloan.com
> Through our network of well known lending institutions and private
> investors, we are able to offer otherwise impossible opportunities to
> finance mortgages.
> Mark Horn <mark[at]hornclan.com> wrote in message
> news:slrnd12mjt.5mg.mark[at]home.hornclan.com...
> > On 2005-02-15, Dick Watson <littlegreengecko[at]mind-enufalready-spring.com> wrote:
> > > See if something vamped on the answer in

> http://umpmfaq.info/faqdb.php?q=132
> > > will help. What you are trying to do is rather the reverse of the case
> > > described.
> > > Is there some reason that you don't want to create another account?

> > This wouldn't be an actual account at the bank. The only place
> > this account would exist is in Money. And the entire purpose would
> > simply be to track your laundry spending.
> > > I'm sure that there are lots of other ways of abstracting this

> > information. But how ever, you choose to do it, you're still keeping
> > track of information in Money that isn't tracked anywhere else.
> > Using an account is just the easiest way to do it (that I can
> > think of).

  #6  
Old 02-15-2005, 01:12 AM
Mark Horn
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Posts: n/a
Default Re: Deferred Payment

On 2005-02-15, Dick Watson <littlegreengecko[at]mind-enufalready-spring.com> wrote:
- quote -

> See if something vamped on the answer in http://umpmfaq.info/faqdb.php?q=132
> will help. What you are trying to do is rather the reverse of the case
> described.


Is there some reason that you don't want to create another account?
This wouldn't be an actual account at the bank. The only place
this account would exist is in Money. And the entire purpose would
simply be to track your laundry spending.

I'm sure that there are lots of other ways of abstracting this
information. But how ever, you choose to do it, you're still keeping
track of information in Money that isn't tracked anywhere else.
Using an account is just the easiest way to do it (that I can
think of).
  #5  
Old 02-15-2005, 12:56 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Deferred Payment

See if something vamped on the answer in http://umpmfaq.info/faqdb.php?q=132
will help. What you are trying to do is rather the reverse of the case
described.

"VerticalCobra" <VerticalCobra[at]discussions.microsoft.com> wrote in message
news:391EB7E4-D86B-4417-98A2-E957229FBCD2[at]microsoft.com...
- quote -

> Both the answers hold if I make a new account only. Is it now possible to
> do
> it without creating another account ?



  #4  
Old 02-14-2005, 11:31 PM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: Deferred Payment

In microsoft.public.money, VerticalCobra wrote:

- quote -

> Both the answers hold if I make a new account only. Is it now possible to do
> it without creating another account ?


Perhaps. What are your other criteria?


- quote -

> Thanks
> "Mark Horn" wrote:
> > On 2005-02-14, VerticalCobra <VerticalCobra[at]discussions.microsoft.com> wrote:
> > > I make a credit card payment of say $100 for laundry and the money is debited
> > > immediately. However, I use the laundry over a period of time and I wish to
> > > account for this money as and when the transactions actually take place. That
> > > way I can get a correct handle on how much is really spent on laundry every
> > > month and not just that one time advance payment. Is there any way to do
> > > this ?
> > > What you could do is create a seperate cash account. Put this

> > account in your budget. Then when you you enter or download the
> > $100 credit card expense, set the category as:
> > > Transfer: <Name of Cash Account> > > From that point forward, enter all of your laundry usage as "spends"

> > in the cash account, until you get to zero, at which point you'll
> > need more money. And you repeat the process.
> > > Let me know if it's not obvious what I'm talking about.

>

  #3  
Old 02-14-2005, 11:24 PM
A J Gladson
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Posts: n/a
Default Re: Deferred Payment

It would require three accounts...

Download from CC to CC Account offset (transfer to) to a Laundry
Account
Cash Payment will offset the CC Account
Checking Account will offset the CC Account when the Bill is Paid.
Laundry Account would offset against the Expense Category

This is more like accural accounting then cash accounting....

VerticalCobra wrote:
- quote -

> Both the answers hold if I make a new account only. Is it now
possible to do
> it without creating another account ?
> Thanks
> "Mark Horn" wrote:
> > On 2005-02-14, VerticalCobra

<VerticalCobra[at]discussions.microsoft.com> wrote:
> > > I make a credit card payment of say $100 for laundry and the

money is debited
> > > immediately. However, I use the laundry over a period of time and

I wish to
> > > account for this money as and when the transactions actually take

place. That
> > > way I can get a correct handle on how much is really spent on

laundry every
> > > month and not just that one time advance payment. Is there any

way to do
> > > this ?
> > > What you could do is create a seperate cash account. Put this

> > account in your budget. Then when you you enter or download the
> > $100 credit card expense, set the category as:
> > > Transfer: <Name of Cash Account> > > From that point forward, enter all of your laundry usage as

"spends"
> > in the cash account, until you get to zero, at which point you'll
> > need more money. And you repeat the process.
> > > Let me know if it's not obvious what I'm talking about.

  #2  
Old 02-14-2005, 10:25 PM
VerticalCobra
Guest
 
Posts: n/a
Default Re: Deferred Payment

Both the answers hold if I make a new account only. Is it now possible to do
it without creating another account ?
Thanks

"Mark Horn" wrote:

- quote -

> On 2005-02-14, VerticalCobra <VerticalCobra[at]discussions.microsoft.com> wrote:
> > I make a credit card payment of say $100 for laundry and the money is debited
> > immediately. However, I use the laundry over a period of time and I wish to
> > account for this money as and when the transactions actually take place. That
> > way I can get a correct handle on how much is really spent on laundry every
> > month and not just that one time advance payment. Is there any way to do
> > this ?

> What you could do is create a seperate cash account. Put this
> account in your budget. Then when you you enter or download the
> $100 credit card expense, set the category as:
> Transfer: <Name of Cash Account> From that point forward, enter all of your laundry usage as "spends"
> in the cash account, until you get to zero, at which point you'll
> need more money. And you repeat the process.
> Let me know if it's not obvious what I'm talking about.

  #1  
Old 02-14-2005, 09:53 PM
Mark Horn
Guest
 
Posts: n/a
Default Re: Deferred Payment

On 2005-02-14, VerticalCobra <VerticalCobra[at]discussions.microsoft.com> wrote:
- quote -

> I make a credit card payment of say $100 for laundry and the money is debited
> immediately. However, I use the laundry over a period of time and I wish to
> account for this money as and when the transactions actually take place. That
> way I can get a correct handle on how much is really spent on laundry every
> month and not just that one time advance payment. Is there any way to do
> this ?


What you could do is create a seperate cash account. Put this
account in your budget. Then when you you enter or download the
$100 credit card expense, set the category as:

Transfer: <Name of Cash Account
From that point forward, enter all of your laundry usage as "spends"
in the cash account, until you get to zero, at which point you'll
need more money. And you repeat the process.

Let me know if it's not obvious what I'm talking about.
 
Old 02-14-2005, 09:35 PM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: Deferred Payment

In microsoft.public.money, VerticalCobra wrote:

- quote -

> I make a credit card payment of say $100 for laundry and the money is debited
> immediately. However, I use the laundry over a period of time and I wish to
> account for this money as and when the transactions actually take place. That
> way I can get a correct handle on how much is really spent on laundry every
> month and not just that one time advance payment. Is there any way to do
> this ?


You can make the credit card payment a transfer to a new "cash or
other" asset account called Laundry Account. Enter expense
transactions into that account.


  #-1  
Old 02-14-2005, 09:27 PM
VerticalCobra
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Posts: n/a
Default Deferred Payment

I make a credit card payment of say $100 for laundry and the money is debited
immediately. However, I use the laundry over a period of time and I wish to
account for this money as and when the transactions actually take place. That
way I can get a correct handle on how much is really spent on laundry every
month and not just that one time advance payment. Is there any way to do
this ?
 

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