In microsoft.public.money, MS wrote:

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There is no known difference that I know of in effect once entered.
The "Credit Card Payment: Account name " gives you a shorter list to
choose from -- only credit card accounts. Therefore you could use
that if you are entering the transaction into the checking account
register to get a shorter list. Since you understand what a
transfer is, and to give the ability to enter the credit card
transfer from with the credit card register, I would use transfer.

YES that was it! Thank you!

Now, what's the difference between "Credit Card Payment: Account name " and
"Transfer to: Account name"? Which one is better for my situation?

"Cal Learner-- MVP" wrote:

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In microsoft.public.money, MS wrote:

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It should be a heading at the bottom of the drop-down in all caps.
Perhaps you are using Essential register. If it does say Advanced
Register in the upper right, scroll down the list.
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If your register does not say Advanced Register in the upper right,
I would select
Tools-> Settings-> AccountSettings(global)-> DisplayAllAccountsInTheAdvancedAccountRegister

To delete categories or to merge (Move) them, select the category
and click a button on the bottom of
Banking-> AccountTools-> Accounts&Bills-> Categories&Payees-> Categories

Hey Cal, thanks again. Unfortunately, I don't have the category "SPECIAL"
anywhere in my list. I go to the Account Register of the checking account,
find the transaction, and click it to bring up the drop down menu for
categories. I have "EXPENSE" and all the categories under it, and "INCOME".
None of these categories says "SPECIAL". I'm using Money 2007 Deluxe, by the
way.

How do I access this list of categories to add/delete them?

Thanks



"Cal Learner-- MVP" wrote:

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I too would like an explanation for this complaint which I have seen several
times.

I use Money 2002 and do not see this problem. But I don't know whether
posters/responders are describing it accurately or whether I don't
understand something because I don't use a newer version of Money.

I buy everything humanly possible with a credit card and pay the card in
full every month.

My credit cards have at least 100 transactions every month. I download them
(direct download or manual depending on bank) from the bank into Money into
a credit card account(s). Each transaction is then categorized after I
download it. Many transactions are matched by Money from my Bills and
Deposits list.

When I pay the bill each month I transfer funds from my checking acct to the
credit card account. These transfers do not appear on ordinary
income/expense reports. How could they, they are not income or expense? I
can force these transfers to appear on a special report using report
customization if I want to but then they are labeled as Transfers and not
grouped with expenses. The transfer that pays the card is not a category -
it is a transfer - and a transfer is never income or expense - it is cash
flow. Cash flow is reported in Money's cash flow tool where it belongs.

Therefore I do not understand the complaint that Money shows transfers as
expenses. I have used Money every day since it was first released and never
saw this behavior. What specific report are we talking about? And exactly
how is the transfer reported and labeled?

I do note that in specific Money 2002 reports, transfers (which are listed
separately from income and expenses) are then subtracted from income along
with total expenses to show a net figure. I don't like that format but it
is not possible to create a report that lists transfers used to pay a credit
card and the credit card purchases themselves, therefore, no report ever
displays duplicate amounts for the same purchase as stated by this post and
others.

Are we sure that Money versions later than 2002 actually duplicate expenses
by adding transfers to pay a credit card to total expenses along with the
actual credit card purchases?

Regards

Bill Wood
Fountain Hills, AZ







"MS" <MS[at]discussions.microsoft.com> wrote in message
news:ECEB777E-8257-4EA0-B442-4F4B7042B055[at]microsoft.com...
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In microsoft.public.money, MS wrote:

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Go the bottom of the category list under SPECIAL. You may have to
scroll. After you change your existing payments, I suggest you
delete the problem EXPENSE category. It is for people who do not
enter transactions for the credit card itself.


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Hi, thanks for the reply. I see what you mean, but I don't see any option to
select "Transfer to:". The only category I can choose is "Credit Card
Payments/Transfers" and that's that. Did I not set something up correctly?

"Spadowski" wrote:

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You say you're classifing the payment as "Credit Card
Transfers/Payments", but what is the category for that transaction?
Can't you just set the category to Transfer To: [Name of your credit
card account]?

This is how I do it. I purchase *most* things on the my Discover card.
When I pay my bill, I enter the transaction into my register as a
payment to "Discover Card", with the category "Transfer Toiscover
Card". My checking account balance decreases, and the credit account
increases. In the reports, all I see are the expenses made using my
credit card, not the credit card payment.



MS wrote:
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In microsoft.public.money, MS wrote:

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Here are three ways I like:

1. 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 would consider this the classic of the ways I like.

2. In method 2, don't handle credit card payments as transfers or
the pre-defined "Credit Card Payment Instead create one category of
"CC payment" or some such. If you define the category as an
expense category, expect a warning when you use it to represent the
payment within the credit card account -- if you have the warning
enabled. Just click Yes in response to the warning. The category
should net at zero in reports across accounts, and you can still
customize to ignore the category if you like. [this is Bonnie
Synhorst's favorite method.]. This method is relatively simple with
the least impact if you neglect to change the category.


3. Create a suspense account.
I have one I named "In Transit", and I called it a "cash or other"
account. Change each of the downloaded transactions into transfer
to/from that account. That account will normally have a zero
balance except while funds are in transit. Make your credit card
payments as transfers to and from that account. This method will
appeal to the desire for best representing what is happening.

Hi I'm using Money 2007, and I'm trying to view the "Reports". I have a
checking account and credit card account. Even though I classify my credit
card payments as "Credit Card Transfers/Payments" the Reports still shows
those payments as Expenses. I purchase everything on my credit card, so it
doubles the amount of expenses I have, instead of showing it as a transfer.
For example if I charge $100 to my credit card, then pay off that credit card
with my checking account, Money shows that I spent $200. $100 on the c/c and
$100 paying the c/c. How can I correct this so it doesn't show credit card
payments as an expense?

Thanks!