"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23OquwYrjFHA.2852[at]TK2MSFTNGP14.phx.gbl...

: There are basically two ways this was designed to work well and you've
: picked the third.

Story of my life, Dick. Thanks for responding!

David

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
newsv31e112e37s2k8fr13r7l3pdhvap6koks[at]4ax.com...

: The normal way to handle a credit card, I think, is to make
: purchases from the credit card account. Then each purchase can have
: its own category. Make the credit card payment a transfer between
: the credit card and checking.
:
: If you download the credit card information, this is very easy.

I did it! I've never set up a credit card account. It makes thing so much
easier. Thanks, Cal.

David

"I dread this chore every month."

I can imagine.

There are basically two ways this was designed to work well and you've
picked the third.

Better choice a) enter or download transactions, one by one, to a register
(a Money Account) for the credit card. In this mode each charge or credit is
treated kinda like you treat entering checks and deposits in a check
register. Each transaction can get entered when you spend the money and each
one can have its own payee and categorization. Those that need to be
split--say you buy Automobile:Gasoline and Food:Groceries at the convenience
store--can be. When you get the bill, balance the account just like a
checking account. Enter the few transactions you didn't catch and enter
along the way. Pay the bill (in Money's records, anyway) by Transfer of the
bill amount from, say, Checking to the Credit Card account.

Better choice b) just treat the credit card company as a Payee, kinda like,
say, you electric company. Pay the bill as some category like Bills:Credit
Card and ignore categorizing the charges to a lower level than that.

See the Money sample file. Read online help or, in versions that have them,
view the help videos. See http://umpmfaq.info for lots of answers along
these lines.

"David S." <davids[at]nicetryspammers.com> wrote in message
news:OZy6LBojFHA.476[at]TK2MSFTNGP14.phx.gbl...
- quote -

In microsoft.public.money, David S. wrote:

- quote -

The normal way to handle a credit card, I think, is to make
purchases from the credit card account. Then each purchase can have
its own category. Make the credit card payment a transfer between
the credit card and checking.

If you download the credit card information, this is very easy.

I use Money 2005. Every month I have to manually type each and every credit
card charge into the split category table for the check I use to pay the
credit card balance. I use a credit card from U.S. Bank.

Is there a way to download these charges directly into the split category
table, so I don't have to go through the process of typing each charge
individually? I dread this chore every month.

Thanks in advance, and please forgive me if this topic has already been
addressed. I just couldn't find any info on it in recent posts.

David