Called make unnecessary work.

arthur
==

On Thu, 6 Apr 2006 14:52:02 -0700, Jay <Jay[at]discussions.microsoft.comwrote:
- quote -

In microsoft.public.money, Jay wrote:

- quote -

When you process the first transaction of the credit card
payment, set the category as a transfer to the other ( credit card
or bank account), or use the equivalent "SPECIAL Credit Card
Payment" category. When you process the second transaction,Money
should match it. Be careful to not just Accept if Money did not
find the match on its own for some reason. Click Change and match
it to the transfer you already made if Money did not match it for
you.

I have seen/read info on how to do this however, I still have a problem. The
scenario is as follows:

Bank Account 'A' and Credit Card Accout 'C' are both setup in Money 2005.
Both accounts are automatically updated (transactions downloaded to Money)
from the banks online service.

Credit Card payments are made online and result in a posting to each account
and hence a transaction in each Money account (after the download has
occurred). So, now I have a transaction in Account 'A' for $1000 that
represents my pay't on the Credit Card. I also have a transaction (credit)
on Account 'C' that represents the other side of my pay't transaction.

In order to categorize the transaction on Account 'A', it seems that I
should go down to the 'Special' section and select 'Transfer to: Account 'C'.
This is fine for the Account 'A', however, it creates a transaction in
Account 'C' which is actually already there from the download. Now I have
two credits in Account 'C' for $1000. Am I doing this right? If so, do I
just delete the original $1000 transaction that was downloaded to Account
'C'? There must be a better way to do this.