|
#9
11-22-2006, 10:53 PM
| |||
| |||
 Re: Category question I believe you can edit them simply by prefixing a negative sign to the number. -- Chris Cowles Gainesville, FL "Apr" <noreply[at]mail.com> wrote in message news:%23oN1xdoDHHA.4404[at]TK2MSFTNGP06.phx.gbl... - quote - > You advised that each time I lend more money, this should 'Increase' the > asset account I have created. By mistake all the entried are 'Decrease'. > Is there a simple of changing them all to 'Increase'? I tried to 'Edit' > then item, then click 'Increase' but the system only asks me when I want > to create new transaction. |
|
#8
11-22-2006, 09:42 PM
| |||
| |||
| Re: Category question You advised that each time I lend more money, this should 'Increase' the asset account I have created. By mistake all the entried are 'Decrease'. Is there a simple of changing them all to 'Increase'? I tried to 'Edit' then item, then click 'Increase' but the system only asks me when I want to create new transaction. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:emcA%23ReBHHA.4908[at]TK2MSFTNGP03.phx.gbl... - quote - > Hopefully only one more thought. > "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in > message news:ODl0JPeBHHA.4672[at]TK2MSFTNGP02.phx.gbl... > > > If I was to receive the money paid back to me but into the Cheque > > > Account, I would then, cateogrize the item in the Cheque Account then, > > > Transfer to Loans Due to Me. Would this be a suitable method? > > > Actually, I think you would want to enter it in the loan account and > > Transfer:Cheque Account. > What account you enter it in isn't entirely relevant. The MAIN SECRET is > to get the direction of the money flow correct. A DEPOSIT into the > receiving account should meet this criteria. |
|
#7
11-12-2006, 03:13 PM
| |||
| |||
| Re: Category question Thank you very much. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:uUZQNNeBHHA.140[at]TK2MSFTNGP03.phx.gbl... - quote - > That would work. There is no one correct answer. Use a category name that > makes sense to you provided it is of the correct type. > "Apr" <noreply[at]mail.com> wrote in message > news:%232Qv4gdBHHA.5068[at]TK2MSFTNGP02.phx.gbl... > > One further query, you've mentioned record their interest in income > > category for the interest. Would it be under the Income:Investment > > Income: Interest? |
|
#6
11-12-2006, 12:00 AM
| |||
| |||
| Re: Category question That's your choice. It just has to be an income category. That one works. Others do, too. "Apr" <noreply[at]mail.com> wrote in message news:%232Qv4gdBHHA.5068[at]TK2MSFTNGP02.phx.gbl... - quote - > One further query, you've mentioned record their interest in income > category for the interest. Would it be under the Income:Investment > Income: Interest? |
|
#5
11-11-2006, 09:55 PM
| |||
| |||
| Re: Category question Hopefully only one more thought. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:ODl0JPeBHHA.4672[at]TK2MSFTNGP02.phx.gbl... - quote - > > If I was to receive the money paid back to me but into the Cheque
What account you enter it in isn't entirely relevant. The MAIN SECRET is to> > Account, I would then, cateogrize the item in the Cheque Account then, > > Transfer to Loans Due to Me. Would this be a suitable method? > Actually, I think you would want to enter it in the loan account and > Transfer:Cheque Account. get the direction of the money flow correct. A DEPOSIT into the receiving account should meet this criteria. |
|
#4
11-11-2006, 09:50 PM
| |||
| |||
| Re: Category question inline... "Apr" <noreply[at]mail.com> wrote in message news:e25fXddBHHA.3536[at]TK2MSFTNGP03.phx.gbl... - quote - > When I create the New Account, I selected Other> Loan> Just track the Value.
This is one way and the increase tab is for adding to the balance--say you> Is my understanding correct: when I lend the money, I goto the Loans Due > to Me> From (eg. select Current Account)> Pay to (eg. the friend's Payee > name)? When they pay me back, goto Loans Due to me> Decrease (eg select the > friends' Payee name)? What is the Increase tab for? lent some more money. - quote - > If I was to receive the money paid back to me but into the Cheque Account,
Actually, I think you would want to enter it in the loan account and> I would then, cateogrize the item in the Cheque Account then, Transfer to > Loans Due to Me. Would this be a suitable method? Transfer:Cheque Account. The loan account in this scenario is an Asset--something of value you have. When you get money back in payment, you want to reduce the value of this asset and increase the value in your chequeing (British English spelling warning) account. |
|
#3
11-11-2006, 09:47 PM
| |||
| |||
| Re: Category question That would work. There is no one correct answer. Use a category name that makes sense to you provided it is of the correct type. "Apr" <noreply[at]mail.com> wrote in message news:%232Qv4gdBHHA.5068[at]TK2MSFTNGP02.phx.gbl... - quote - > One further query, you've mentioned record their interest in income > category for the interest. Would it be under the Income:Investment > Income: Interest? |
|
#2
11-11-2006, 08:27 PM
| |||
| |||
| Re: Category question One further query, you've mentioned record their interest in income category for the interest. Would it be under the Income:Investment Income: Interest? "Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message news:%23$%23KjNbBHHA.3560[at]TK2MSFTNGP04.phx.gbl... - quote - > Create an account called Loans Due Me. When you lend the money, it's a > transfer to that account. Record who it is with a memo. If they pay you > back, withdraw it from the account as transfer. If they pay you interest, > record it as split with the reimbursed amount transferred from the Loans > account and an income category for the interest. > If this is a more formal loan with a specific repayment period, you can > set up a loan account in Money. Tell money you loaned it, not borrowed it. > In that case, get a lawyer. > -- > Chris Cowles > Gainesville, FL > "Apr" <noreply[at]mail.com> wrote in message > news:OLtdWAYBHHA.2304[at]TK2MSFTNGP02.phx.gbl... > > If you lend some money to a friend, what is this best way to categorise > > and record this transaction in Money? Would it be categorised as Income > > when the money is paid back to you? Say Irregular Income? What if they > > pay you some interest? > > > Thank you. > |
|
#1
11-11-2006, 08:21 PM
| |||
| |||
| Re: Category question When I create the New Account, I selected Other> Loan> Just track the Value. Is my understanding correct: when I lend the money, I goto the Loans Due to Me> From (eg. select Current Account)> Pay to (eg. the friend's Payee name)? When they pay me back, goto Loans Due to me> Decrease (eg select the friends' Payee name)? What is the Increase tab for? If I was to receive the money paid back to me but into the Cheque Account, I would then, cateogrize the item in the Cheque Account then, Transfer to Loans Due to Me. Would this be a suitable method? Thank you. "Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message news:%23$%23KjNbBHHA.3560[at]TK2MSFTNGP04.phx.gbl... - quote - > Create an account called Loans Due Me. When you lend the money, it's a > transfer to that account. Record who it is with a memo. If they pay you > back, withdraw it from the account as transfer. If they pay you interest, > record it as split with the reimbursed amount transferred from the Loans > account and an income category for the interest. > If this is a more formal loan with a specific repayment period, you can > set up a loan account in Money. Tell money you loaned it, not borrowed it. > In that case, get a lawyer. > -- > Chris Cowles > Gainesville, FL > "Apr" <noreply[at]mail.com> wrote in message > news:OLtdWAYBHHA.2304[at]TK2MSFTNGP02.phx.gbl... > > If you lend some money to a friend, what is this best way to categorise > > and record this transaction in Money? Would it be categorised as Income > > when the money is paid back to you? Say Irregular Income? What if they > > pay you some interest? > > > Thank you. > |
|
11-11-2006, 04:03 PM
| |||
| |||
| Re: Category question Create an account called Loans Due Me. When you lend the money, it's a transfer to that account. Record who it is with a memo. If they pay you back, withdraw it from the account as transfer. If they pay you interest, record it as split with the reimbursed amount transferred from the Loans account and an income category for the interest. If this is a more formal loan with a specific repayment period, you can set up a loan account in Money. Tell money you loaned it, not borrowed it. In that case, get a lawyer. -- Chris Cowles Gainesville, FL "Apr" <noreply[at]mail.com> wrote in message news:OLtdWAYBHHA.2304[at]TK2MSFTNGP02.phx.gbl... - quote - > If you lend some money to a friend, what is this best way to categorise > and record this transaction in Money? Would it be categorised as Income > when the money is paid back to you? Say Irregular Income? What if they > pay you some interest? > Thank you. |
|
#-1
11-11-2006, 09:56 AM
| |||
| |||
| Category question If you lend some money to a friend, what is this best way to categorise and record this transaction in Money? Would it be categorised as Income when the money is paid back to you? Say Irregular Income? What if they pay you some interest? Thank you. |
| Tags |
| category, question |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Category Group Question TimothyR: I am currently using Money 2003. I have used various versions, but only as a glorified check register. Now I am trying to learn how to use it... | Microsoft Money | 2 | 01-26-2004 02:57 AM | |
| paycheck category question ab: hi, I have two questions regarding entering a paycheck in money 2003. 1. if i want to change the details of my paycheck for a couple of... | Microsoft Money | 1 | 11-01-2003 01:08 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
