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Old 03-03-2006, 09:43 AM
William R Wood
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Default Re: What should ING transfers be categorized as?

I use Money 2002 not 2006 so I don't have this issue but I suggest that you
always use the advanced version of everything. The term "advanced" means
normal. The dumbed down essential versions are worthless.

As to your specific question, there is no "category" for transfers from your
checking account to your savings account. The transaction should be
recorded in Money as a transfer. It cannot have any category because the
transaction is neither income nor expense, it is merely moving money from
one account to another.

By the way, paying a credit card account from your checking account is a
transfer. You are simply transfering money from one Money account to
another and there cannot be any category assigned since the transfer does
not represent income or expense. Each individual credit card transaction is
already categorized in the credit card account.

If you are using Money's built in categories, I suggest deleting all of them
and setting up your own categories which make actual sense instead of the
silly, confusing, even idiotic categories Money supplies. When I tried the
trial version of 2006, the dumbed down essential register and moronic
category lists were among the reasons I deleted that program from my
computer and continued to use Money 2002 which works perfectly and it not
burdened with excessive advertising and automatic disabling of downloading
after 2 years.


Regards,

Bill Wood
Fountain Hills, AZ


"tim1182" <tim1182[at]discussions.microsoft.com> wrote in message
news:BE3A7544-6089-4B01-A8A0-D73424C28D5D[at]microsoft.com...
- quote -

> Hello,
> I am new to money. RIght now I have a checking account and an ING account.
> When I transfer money from my checking to ING account, what category in
> Money 2006 should this be classified under? It doesnt seem right to
> classify
> my ING transfers (which are my savings) with credit card
> payments/transfers.
> Should it be something else?
> Thanks for your help..
> --Tim



 
Old 03-03-2006, 02:14 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: What should ING transfers be categorized as?

You are surely on the right track with your question.

Use Advanced Register. Essential Register is for, well, I won't say who it's
for. It might upset somebody.

Then see http://umpmfaq.info/faqdb.php?q=167.

"tim1182" <tim1182[at]discussions.microsoft.com> wrote in message
news:BE3A7544-6089-4B01-A8A0-D73424C28D5D[at]microsoft.com...
- quote -

> I am new to money. RIght now I have a checking account and an ING account.
> When I transfer money from my checking to ING account, what category in
> Money 2006 should this be classified under? It doesnt seem right to
> classify
> my ING transfers (which are my savings) with credit card
> payments/transfers.
> Should it be something else?



  #-1  
Old 03-03-2006, 01:56 AM
tim1182
Guest
 
Posts: n/a
Default What should ING transfers be categorized as?

Hello,

I am new to money. RIght now I have a checking account and an ING account.

When I transfer money from my checking to ING account, what category in
Money 2006 should this be classified under? It doesnt seem right to classify
my ING transfers (which are my savings) with credit card payments/transfers.

Should it be something else?

Thanks for your help..

--Tim
 

Tags
categorized, ing, transfers
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