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Old 01-14-2006, 05:06 AM
Cal Learner-- MVP
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Default Re: Q re expensing credit card expense + payment of c.c. bill

In microsoft.public.money, stego wrote:

- quote -

> This sounds like a promising approach. However, I don't see any "Special"
> option. My list of Expense categories ends with Utilities, and beneath - in
> the Income categories, there is nothing past Wages & Salary - Net Pay.
> "Help" on "Special" doesn't give any help... (I'm using Money 2006)


You will want to switch to the "Advanced Register".

You can switch them all with
Tools-> Settings-> AccountSettings(global)-> DisplayAllAccountsInTheAdvancedAccountRegister
or you could change just the one.
  #1  
Old 01-14-2006, 04:11 AM
stego
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Posts: n/a
Default Re: Q re expensing credit card expense + payment of c.c. bill

This sounds like a promising approach. However, I don't see any "Special"
option. My list of Expense categories ends with Utilities, and beneath - in
the Income categories, there is nothing past Wages & Salary - Net Pay.
"Help" on "Special" doesn't give any help... (I'm using Money 2006)

Thanks for your valuable assistance to all members on this newsgroup.
+++++++++++++++++++++++++++++

"Cal Learner-- MVP" wrote:


- quote -

> Do not use the EXPENSE category for credit cards. Instead use the
> SPECIAL Transfer or Credit Card category at the bottom of the list.
> I suggest you modify your previous bills, and then Delete that
> EXPENSE category.
> > > How have others handled this? Suggestions?

 
Old 01-14-2006, 03:37 AM
Cal Learner-- MVP
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Posts: n/a
Default Re: Q re expensing credit card expense + payment of c.c. bill

In microsoft.public.money, stego wrote:

- quote -

> I've got a checking account and a credit card account set up. I charge a
> lot. I categorize expenses in my credit card account.
> When I pay the (large) bill to the credit card company from my checking
> account, this transfer is counted as an expense. Thus, in the pie chart, my
> credit card expenses get counted twice - once when charged (in the credit
> card account, under a corresponding category), and once when I pay the credit
> card bill from the checking account (in the checking account, under the
> category Credit Card Payments/Transfers).
> It seems like there should be a way for this not to skew the total expenses
> pie chart, by double-representing such expenses.


Do not use the EXPENSE category for credit cards. Instead use the
SPECIAL Transfer or Credit Card category at the bottom of the list.
I suggest you modify your previous bills, and then Delete that
EXPENSE category.


- quote -

> How have others handled this? Suggestions?
  #-1  
Old 01-14-2006, 03:24 AM
stego
Guest
 
Posts: n/a
Default Q re expensing credit card expense + payment of c.c. bill

I've got a checking account and a credit card account set up. I charge a
lot. I categorize expenses in my credit card account.

When I pay the (large) bill to the credit card company from my checking
account, this transfer is counted as an expense. Thus, in the pie chart, my
credit card expenses get counted twice - once when charged (in the credit
card account, under a corresponding category), and once when I pay the credit
card bill from the checking account (in the checking account, under the
category Credit Card Payments/Transfers).

It seems like there should be a way for this not to skew the total expenses
pie chart, by double-representing such expenses.

How have others handled this? Suggestions?
 

Tags
bill, card, credit, expense, expensing, payment
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