CC payment - combine transactions

#3 06-11-2005, 08:58 PM

Funny you should ask. I just updated this item in an unofficial FAQ for the
ng. See http://umpmfaq.info/faqdb.php?q=147.

"Henrique" <henriquebucher[at]hotmail.com> wrote in message
news:OYp098rbFHA.3200[at]tk2msftngp13.phx.gbl...
- quote -

> Hi
> Every month when I pay out my credit card balance, I see two distinct
> transactions - one on my checking and other in my credit card account,
> which is fine.
> However despite Money marks these as "Credit Card Payments/Transfers",
> they appear on my charts as credits and debits, messing them up.
> In order to tell Money that they are actually the same transaction (match)
> I have to go to one account and manually change its type to TRANSFER and
> fill out the details. In the other acccount I have to delete the matching
> transaction since this will not be done automatically.
> Worse yet ,sometimes the option to change type is simply not available at
> all in the context menu.
> This has been extremely painfull. I believe I'm doing the wrong way.
> Give me a gift in this father's day - tell me there's an easier way to
> accomplish this!

#2 06-11-2005, 08:42 PM

In microsoft.public.money, Henrique wrote:

- quote -

> Every month when I pay out my credit card balance, I see two distinct
> transactions - one on my checking and other in my credit card account, which
> is fine.
> However despite Money marks these as "Credit Card Payments/Transfers", they
> appear on my charts as credits and debits, messing them up.

There is more than one way to handle things that can work. Here are
a couple of ways.

I suspect you are using Money 2005. First I would delete the Expense
"Credit Card Payments/Transfers" category if you want to list credit
card payments as transfers using the SPECIAL transfer category.

Alternatively you could list both halves of the credit card payment
as using the "Credit Card Payments/Transfers" category, and accept
the warning when making a credit using an expense category. You
could customize the reports to net that category out to zero, since
you will have offsetting positive and negative amounts.

- quote -

> In order to tell Money that they are actually the same transaction (match) I
> have to go to one account and manually change its type to TRANSFER and fill
> out the details. In the other acccount I have to delete the matching
> transaction since this will not be done automatically.

If you make that change when you download and process the first leg
of the transfer, you should be able to match that transaction to the
existing transfer when you download the other half.

- quote -

> Worse yet ,sometimes the option to change type is simply not available at
> all in the context menu.

If you are not using the Advanced Register settings, I would suggest
that.

#1 06-11-2005, 08:41 PM

Can you elaborate on how that will help?

"Bob Peel MVP" <Bob_Peel[at]kiandraNOSPAM.freeserve.co.uk> wrote in message
news:ug0WGVsbFHA.720[at]TK2MSFTNGP15.phx.gbl...
- quote -

> You actually make the payment from your CC account and a transfer from
> your checking account to the CC account.
> Using the Debt Reduction Planner, even if you pay in full each month, will
> help automate this.

06-11-2005, 08:36 PM

You actually make the payment from your CC account and a transfer from your
checking account to the CC account.

Using the Debt Reduction Planner, even if you pay in full each month, will
help automate this.

--
Regards
Bob Peel,
Microsoft MVP - Money

For UK tips & fixes see
http://support.microsoft.com/default...d=fh;EN-GB;mny.
For wishes or suggestions see
http://register.microsoft.com/mswish/suggestion.asp
or for UK wishes http://www.microsoft.com/uk/support/money/feedback

I do not respond to any emails that I have not specifically asked for.

"Henrique" <henriquebucher[at]hotmail.com> wrote in message
news:OYp098rbFHA.3200[at]tk2msftngp13.phx.gbl...
- quote -

> Hi
> Every month when I pay out my credit card balance, I see two distinct
> transactions - one on my checking and other in my credit card account,
> which is fine.
> However despite Money marks these as "Credit Card Payments/Transfers",
> they appear on my charts as credits and debits, messing them up.
> In order to tell Money that they are actually the same transaction (match)
> I have to go to one account and manually change its type to TRANSFER and
> fill out the details. In the other acccount I have to delete the matching
> transaction since this will not be done automatically.
> Worse yet ,sometimes the option to change type is simply not available at
> all in the context menu.
> This has been extremely painfull. I believe I'm doing the wrong way.
> Give me a gift in this father's day - tell me there's an easier way to
> accomplish this!
> Thanks!

#-1 06-11-2005, 07:53 PM

Hi

Every month when I pay out my credit card balance, I see two distinct
transactions - one on my checking and other in my credit card account, which
is fine.

However despite Money marks these as "Credit Card Payments/Transfers", they
appear on my charts as credits and debits, messing them up.

In order to tell Money that they are actually the same transaction (match) I
have to go to one account and manually change its type to TRANSFER and fill
out the details. In the other acccount I have to delete the matching
transaction since this will not be done automatically.

Worse yet ,sometimes the option to change type is simply not available at
all in the context menu.

This has been extremely painfull. I believe I'm doing the wrong way.

Give me a gift in this father's day - tell me there's an easier way to
accomplish this!

Thanks!

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