Trasfers and Credit Card Payments

#2 07-15-2005, 04:15 PM

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:h2lfd156rj1pk9f4n6ouahba6u7e2ce82u[at]4ax.com...
- quote -

> In microsoft.public.money, Dick Watson wrote:
> > > What do you mean "it started to incorrectly adjust account balances"? Are
> > you downloading transaction data? If so, this can cause problems since a
> > Transfer entered by hand shows up in BOTH accounts and downloading data
> > for
> > the separate accounts may result in getting two downloads that match both
> > halves of the same Transfer transaction and sometimes Money is not smart
> > enough to figure it out on its own.
> The way this works for me is that if I set the category of the
> downloaded bank withdrawal to Transfer:myCreditCard, before
> accepting the transaction, then processing the bank download matches
> the then-existing transaction.

OOHH... I never thought of trying this before! I've just been accepting the
transaction and then changing it to a transfer, and then going and deleting
the other one from the other register. That sounds a lot easier!

Why didn't I think of this?

-Jeff

#1 07-15-2005, 03:43 PM

In microsoft.public.money, Dick Watson wrote:

- quote -

> What do you mean "it started to incorrectly adjust account balances"? Are
> you downloading transaction data? If so, this can cause problems since a
> Transfer entered by hand shows up in BOTH accounts and downloading data for
> the separate accounts may result in getting two downloads that match both
> halves of the same Transfer transaction and sometimes Money is not smart
> enough to figure it out on its own.

The way this works for me is that if I set the category of the
downloaded bank withdrawal to Transfer:myCreditCard, before
accepting the transaction, then processing the bank download matches
the then-existing transaction.

If I set the category of the downloaded credit card to
Transfer:myCheckingAccount, before accepting the transaction, then
processing the credit card download matches the then-existing
transaction.

If I accidentally miss making one a transfer before processing the
other, I have to delete one transaction and change the other to a
transfer.

I should be able to just enter a scheduled transfer with an
estimated amount into Bills&Deposits, and have that make the process
more automated. In the past it turned out to not make it easier for
me. But now that I am thinking about it again, I will set up Money
2006 to try that again.

07-15-2005, 12:21 PM

When you say "classify" these transactions, I assume you mean "categorize".

As the "Special Categories" "Transfer" or "Credit Card Payment".

What do you mean "it started to incorrectly adjust account balances"? Are
you downloading transaction data? If so, this can cause problems since a
Transfer entered by hand shows up in BOTH accounts and downloading data for
the separate accounts may result in getting two downloads that match both
halves of the same Transfer transaction and sometimes Money is not smart
enough to figure it out on its own.

See http://umpmfaq.info for one source of information in many areas
including references to other sources of information.

"Brian" <Brian[at]discussions.microsoft.com> wrote in message
news:83D2A3A0-C81B-4CEA-A740-69398BA31378[at]microsoft.com...
- quote -

> I currently download all transactions from my bank and do not manually
> enter
> trasactions. However, I have to manually classify transactions.
> I have a chequing, VISA and line of credit account. I transfer money from
> the chequing into various accounts (and sometimes money from the line of
> credit into other accounts).
> How should I classify these transactions? When I used the transfer
> classification it started to incorrectly adjust account balances.
> Is there a tutorial or FAQ on using Money or recommended books?

#-1 07-15-2005, 12:00 PM

I currently download all transactions from my bank and do not manually enter
trasactions. However, I have to manually classify transactions.

I have a chequing, VISA and line of credit account. I transfer money from
the chequing into various accounts (and sometimes money from the line of
credit into other accounts).

How should I classify these transactions? When I used the transfer
classification it started to incorrectly adjust account balances.

Is there a tutorial or FAQ on using Money or recommended books?

Similar Threads
Thread	Forum	Replies	Last Post
Categorizing Credit Card Payments Mike Galapagos: my credit card payments come from my checking account and are downloaded electronically - I am having problems with what category do I use - Money...	Microsoft Money	1	04-06-2006 10:26 PM
credit card payments Steve Roebuck: Why don't my credit card payments scheduled under "bills and deposits" show up on my budget? Also, I'm leasing a car for the first time. Is it...	Microsoft Money	4	01-19-2005 12:53 AM
Credit card payments Perplexed: When making a credit card payment I understand that the only expense noted is with the individual credit card expense line item. The transfer of...	Microsoft Money	2	12-04-2004 06:53 PM
entering credit card payments Sue: I am having trouble getting my credit card payments to show up on my monthly expense or budget reports. When I enter a payment in my checking...	Microsoft Money	6	04-08-2004 03:19 PM

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode