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#13
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| 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 Miscellaneous eposit, credit tofollow (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 Miscellaneous eposit, credit to follow> > - When you make the initial payment, expense it to Miscellaneous eposit,> > credit to follow > > $100 Miscellaneous eposit, credit to follow> > - When you spend some of this balance, use a split: > > $20 Miscellaneous:Laundry > > ($20) Miscellaneous eposit, credit to follow> > Note this transaction adds up to $0, but reduces expenses in one category > > and increases them in the other. Expenses in Miscellaneous eposit,> > credit > > to follow eventually net to $0. |
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#12
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| 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 Miscellaneous eposit, credit to follow> - When you make the initial payment, expense it to Miscellaneous eposit,> credit to follow > $100 Miscellaneous eposit, credit to follow> - When you spend some of this balance, use a split: > $20 Miscellaneous:Laundry > ($20) Miscellaneous eposit, credit to follow> Note this transaction adds up to $0, but reduces expenses in one category > and increases them in the other. Expenses in Miscellaneous eposit, 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 ? |
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#11
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| 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. |
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#10
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| Here's how I've handled similar cases: - Create a category like Miscellaneous eposit, credit to follow- When you make the initial payment, expense it to Miscellaneous eposit,credit to follow $100 Miscellaneous eposit, credit to follow- When you spend some of this balance, use a split: $20 Miscellaneous:Laundry ($20) Miscellaneous eposit, credit to followNote this transaction adds up to $0, but reduces expenses in one category and increases them in the other. Expenses in Miscellaneous eposit, creditto 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 ? |
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#9
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| In microsoft.public.money, VerticalCobra wrote: - quote - > The reason I am hesitating making a new account is that the "laundry account"
Alternatives would be more convoluted.> 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. - 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. |
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#8
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| 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. |
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#7
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| 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). |
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#6
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| 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
Is there some reason that you don't want to create another account?> will help. What you are trying to do is rather the reverse of the case > described. 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). |
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#5
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| 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 ? |
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#4
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| In microsoft.public.money, VerticalCobra wrote: - quote - > Both the answers hold if I make a new account only. Is it now possible to do
Perhaps. What are your other criteria?> it without creating another account ? - 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. > |
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#3
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| 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. |
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#2
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| 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. |
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#1
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| 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
What you could do is create a seperate cash account. Put this> 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 ? 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. |
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| In microsoft.public.money, VerticalCobra wrote: - quote - > I make a credit card payment of say $100 for laundry and the money is debited
You can make the credit card payment a transfer to a new "cash or> 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 ? other" asset account called Laundry Account. Enter expense transactions into that account. |
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#-1
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| 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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| deferred, payment |
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