Transfers

#8 12-17-2005, 05:05 PM

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:7hj8q191cuv07dkdbp92goesl4fos7t1rq[at]4ax.com...
- quote -

> In microsoft.public.money, Billy Kendall wrote:
> > > OK I found the SPECIAL category...I had to switch to Advanced Register
> > which
> > is cool. But now I have a new problem because I autobalance from my
> > bank's
> > website so now when I go change the transfers to that SPECIAL category it
> > throws my balances WAY off
> You will have to go back and delete/void all of the now-duplicated
> transactions in the other account.
> Hereafter, when you process the first transaction, enter it as a
> transfer. When you process the second transaction, be careful to not
> just Accept if it is not automatically matched to the existing
> transfer; click Change and match it to the transfer you already
> made.

absolutely perfect now. thanks a million for all of your help!

#7 12-17-2005, 04:45 PM

In microsoft.public.money, Billy Kendall wrote:

- quote -

> OK I found the SPECIAL category...I had to switch to Advanced Register which
> is cool. But now I have a new problem because I autobalance from my bank's
> website so now when I go change the transfers to that SPECIAL category it
> throws my balances WAY off

You will have to go back and delete/void all of the now-duplicated
transactions in the other account.

Hereafter, when you process the first transaction, enter it as a
transfer. When you process the second transaction, be careful to not
just Accept if it is not automatically matched to the existing
transfer; click Change and match it to the transfer you already
made.

#6 12-17-2005, 04:42 PM

In microsoft.public.money, Billy Kendall wrote:

- quote -

> OK that sounds exactly like what I need to do, however I do not have a
> "SPECIAL category of Transfer" as an option in my categories in Money 2006.
> Any idea why?

Scroll down to the bottom of the list. After the heading of SPECIAL
find transfer.

#5 12-17-2005, 04:07 PM

"Billy Kendall" <billy[at]billykendall.com> wrote in message
news:Ol8LUfyAGHA.356[at]TK2MSFTNGP12.phx.gbl...
- quote -

> "Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
> news:9ib8q1ds6fmo2trbtvdi7qiqebmd23g4i6[at]4ax.com...
> > In microsoft.public.money, Billy Kendall wrote:
> > > > > > > > In the report "Spending By Category" I have a huge expense amount in the
> > > category of "Credit Card Payments/Transfers" and when I double click on
> > > that
> > > category it shows all of my transfers out of savings.
> > > I suspect the problem is that you are using the EXPENSE category
> > that is made for people who are not tracking the individual
> > purchases with a credit card.
> > > Change those transactions to the SPECIAL (scroll to the bottom of
> > the list) category of Transfer, and the sub-category will be the
> > credit card account or bank.
> > > I suggest you delete that EXPENSE category after you have made the
> > changes.
> > > > > I wouldn't think that
> > > I should see a transfer of money as an expense. I guess I am thinking it
> > > would be more invisible in my spending reports since it is just a
> > > movement
> > > out of monies from one account to another before it is actually spent.
> > > I'm
> > > not sure how this all effects the budgeting either...ugh
> > > If that is not it, check back.
> > OK that sounds exactly like what I need to do, however I do not have a
> "SPECIAL category of Transfer" as an option in my categories in Money
> 2006. Any idea why?

OK I found the SPECIAL category...I had to switch to Advanced Register which
is cool. But now I have a new problem because I autobalance from my bank's
website so now when I go change the transfers to that SPECIAL category it
throws my balances WAY off

#4 12-17-2005, 03:35 PM

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:9ib8q1ds6fmo2trbtvdi7qiqebmd23g4i6[at]4ax.com...
- quote -

> In microsoft.public.money, Billy Kendall wrote:
> > > > In the report "Spending By Category" I have a huge expense amount in the
> > category of "Credit Card Payments/Transfers" and when I double click on
> > that
> > category it shows all of my transfers out of savings.
> I suspect the problem is that you are using the EXPENSE category
> that is made for people who are not tracking the individual
> purchases with a credit card.
> Change those transactions to the SPECIAL (scroll to the bottom of
> the list) category of Transfer, and the sub-category will be the
> credit card account or bank.
> I suggest you delete that EXPENSE category after you have made the
> changes.
> > I wouldn't think that
> > I should see a transfer of money as an expense. I guess I am thinking it
> > would be more invisible in my spending reports since it is just a movement
> > out of monies from one account to another before it is actually spent.
> > I'm
> > not sure how this all effects the budgeting either...ugh
> If that is not it, check back.

OK that sounds exactly like what I need to do, however I do not have a
"SPECIAL category of Transfer" as an option in my categories in Money 2006.
Any idea why?

#3 12-17-2005, 02:59 PM

In microsoft.public.money, Billy Kendall wrote:

- quote -

> In the report "Spending By Category" I have a huge expense amount in the
> category of "Credit Card Payments/Transfers" and when I double click on that
> category it shows all of my transfers out of savings.

I suspect the problem is that you are using the EXPENSE category
that is made for people who are not tracking the individual
purchases with a credit card.

Change those transactions to the SPECIAL (scroll to the bottom of
the list) category of Transfer, and the sub-category will be the
credit card account or bank.

I suggest you delete that EXPENSE category after you have made the
changes.

- quote -

> I wouldn't think that
> I should see a transfer of money as an expense. I guess I am thinking it
> would be more invisible in my spending reports since it is just a movement
> out of monies from one account to another before it is actually spent. I'm
> not sure how this all effects the budgeting either...ugh

If that is not it, check back.

#2 12-17-2005, 02:26 PM

Credit Card Payments/Transfers is a stupid category Microsoft created just
to confuse people. see http://umpmfaq.info/faqdb.php?q=167.

"Billy Kendall" <billy[at]billykendall.com> wrote in message
news:ugk0jvxAGHA.3496[at]TK2MSFTNGP11.phx.gbl...
- quote -

> In the report "Spending By Category" I have a huge expense amount in the
> category of "Credit Card Payments/Transfers" and when I double click on
> that category it shows all of my transfers out of savings. I wouldn't
> think that I should see a transfer of money as an expense. I guess I am
> thinking it would be more invisible in my spending reports since it is
> just a movement out of monies from one account to another before it is
> actually spent. I'm not sure how this all effects the budgeting
> either...ugh

#1 12-17-2005, 02:09 PM

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news

o98q1tta3nsbpt4nqn9n69sq22t85qi3o[at]4ax.com...
- quote -

> In microsoft.public.money, Billy Kendall wrote:
> > I am using MS Money 2006 and I have a question about categorizing
> > transfers.
> > I have both my savings and checking accounts setup in Money and whenever I
> > transfer monies from savings to checking I then have to obviously
> > categorize
> > the expense in my savings register and categorize the deposit into
> > checking
> > register. My problem is that Money is showing the transfer as an expense
> > in
> > my savings register and reports. This means that it shows the expense
> > twice
> > because it shows as an expense from savings when I move it to checking and
> > then when I go and actually spend the money out of my checking account I
> > then have to categorize it into it's appropriate expense category.
> > Wouldn't
> > this mean that my cumulative reports are showing that money as being spent
> > twice? I guess what I am really asking is: Is there a way to reconcile
> > these transfers between accounts?
> It is normal that the transfer show in both account registers-- but
> in different directions.
> What report are you thinking of? The transfer should not be
> considered an expense in a report, but it can be considered a
> transaction.
> In the budget a transfer is only considered an expense if it is from
> an account included in the budget to one that is not.

Thank you for responding.

In the report "Spending By Category" I have a huge expense amount in the
category of "Credit Card Payments/Transfers" and when I double click on that
category it shows all of my transfers out of savings. I wouldn't think that
I should see a transfer of money as an expense. I guess I am thinking it
would be more invisible in my spending reports since it is just a movement
out of monies from one account to another before it is actually spent. I'm
not sure how this all effects the budgeting either...ugh

Thanks again. =)

12-17-2005, 01:59 PM

In microsoft.public.money, Billy Kendall wrote:

- quote -

> I am using MS Money 2006 and I have a question about categorizing transfers.
> I have both my savings and checking accounts setup in Money and whenever I
> transfer monies from savings to checking I then have to obviously categorize
> the expense in my savings register and categorize the deposit into checking
> register. My problem is that Money is showing the transfer as an expense in
> my savings register and reports. This means that it shows the expense twice
> because it shows as an expense from savings when I move it to checking and
> then when I go and actually spend the money out of my checking account I
> then have to categorize it into it's appropriate expense category. Wouldn't
> this mean that my cumulative reports are showing that money as being spent
> twice? I guess what I am really asking is: Is there a way to reconcile
> these transfers between accounts?

It is normal that the transfer show in both account registers-- but
in different directions.

What report are you thinking of? The transfer should not be
considered an expense in a report, but it can be considered a
transaction.

In the budget a transfer is only considered an expense if it is from
an account included in the budget to one that is not.

#-1 12-17-2005, 01:31 PM

I am using MS Money 2006 and I have a question about categorizing transfers.
I have both my savings and checking accounts setup in Money and whenever I
transfer monies from savings to checking I then have to obviously categorize
the expense in my savings register and categorize the deposit into checking
register. My problem is that Money is showing the transfer as an expense in
my savings register and reports. This means that it shows the expense twice
because it shows as an expense from savings when I move it to checking and
then when I go and actually spend the money out of my checking account I
then have to categorize it into it's appropriate expense category. Wouldn't
this mean that my cumulative reports are showing that money as being spent
twice? I guess what I am really asking is: Is there a way to reconcile
these transfers between accounts?

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