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#2
08-27-2005, 03:00 AM
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 Re: Credit Card Pmts/Transfer and Reconciliation Don't use the "transfer/credit card payment" category in the "Expense" category list. It treats the transaction as an expense, and then, if you also have a transfer, it thinks they are two different transactions. You want to use either "transfer" or "credit card payment," from the "Special" category list, which you can find by scrolling down to the bottom. These two categories do the same thing, so it doesn't matter which one. Also, you might want to turn off "autoreconcile." Otherwise, just click "yes" when the warning comes up about changing the category of a reconciled transaction, and asks you "are you sure?" HTH, Susan "Wrigley" <Wrigley[at]discussions.microsoft.com> wrote in message news:13AF81A1-CFAA-4782-AF3D-7570055C8E96[at]microsoft.com... - quote - > When I use the "transfer/pay credit card" function from checkings acct, > the > credit card account shows double entry for that amount. > First, it shows the transaction downloaded from the web, which has been > already reconciled. Then it also shows a second transaction with the same > amount coming from the checkings, when I assign a "transfer" category to > my > transaction. > How do I avoid this double entry? > Same happens with transfers to/from checkings and savings. Without > assigning > categories, they are treated as either expenses or income. If I use the > transfer function, one of the accounts shows a double entry!? THANKS |
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#1
08-26-2005, 11:17 PM
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| Re: Credit Card Pmts/Transfer and Reconciliation See also http://umpmfaq.info/faqdb.php?q=147. "Wrigley" <Wrigley[at]discussions.microsoft.com> wrote in message news:13AF81A1-CFAA-4782-AF3D-7570055C8E96[at]microsoft.com... - quote - > When I use the "transfer/pay credit card" function from checkings acct, > the > credit card account shows double entry for that amount. > First, it shows the transaction downloaded from the web, which has been > already reconciled. Then it also shows a second transaction with the same > amount coming from the checkings, when I assign a "transfer" category to > my > transaction. > How do I avoid this double entry? > Same happens with transfers to/from checkings and savings. Without > assigning > categories, they are treated as either expenses or income. If I use the > transfer function, one of the accounts shows a double entry!? THANKS |
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08-26-2005, 11:06 PM
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| Re: Credit Card Pmts/Transfer and Reconciliation If you enter the transfer before the download, Money should match it correctly and prevent the duplicate entry. -- "Wrigley" <Wrigley[at]discussions.microsoft.com> wrote in message news:13AF81A1-CFAA-4782-AF3D-7570055C8E96[at]microsoft.com... - quote - > When I use the "transfer/pay credit card" function from checkings acct, > the > credit card account shows double entry for that amount. > First, it shows the transaction downloaded from the web, which has been > already reconciled. Then it also shows a second transaction with the same > amount coming from the checkings, when I assign a "transfer" category to > my > transaction. > How do I avoid this double entry? > Same happens with transfers to/from checkings and savings. Without > assigning > categories, they are treated as either expenses or income. If I use the > transfer function, one of the accounts shows a double entry!? THANKS |
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#-1
08-26-2005, 08:20 PM
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| Credit Card Pmts/Transfer and Reconciliation When I use the "transfer/pay credit card" function from checkings acct, the credit card account shows double entry for that amount. First, it shows the transaction downloaded from the web, which has been already reconciled. Then it also shows a second transaction with the same amount coming from the checkings, when I assign a "transfer" category to my transaction. How do I avoid this double entry? Same happens with transfers to/from checkings and savings. Without assigning categories, they are treated as either expenses or income. If I use the transfer function, one of the accounts shows a double entry!? THANKS |
| Tags |
| card, credit, pmts or transfer, reconciliation |
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