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#1
01-09-2007, 12:18 PM
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 Re: Credit card payment in reports Go to the Account List More> |Categories & Payees|Categories page. From there you can delete the Expense Category Credit Card Payments/Transfer. "Hoov" <Hoov[at]discussions.microsoft.com> wrote in message news:B576ADE9-5749-4A77-92B2-E31A3C69AB35[at]microsoft.com... - quote - > Thank you both for your answers. I am with you on what to do > conceptually. > I am using Money 2007 deluxe. > I cannot figure out how to delete an expense category. |
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01-09-2007, 04:17 AM
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| Re: Credit card payment in reports Thank you both for your answers. I am with you on what to do conceptually. I am using Money 2007 deluxe. I cannot figure out how to delete an expense category. Again, any help is appreciated. Go Chargers! "Dick Watson" wrote: - quote - > You don't say what edition/version you are using, nor whether, if > appropriate, you are using Essential or Advanced Register. These answers > could make a large difference in the appropriate answer. > The Best Practice is to use M04 or M05+ (and not Money Essentials (MEss)) in > Advanced Register mode. Record the Expense transactions in the credit card > account register. That's where the expenses are. Record the income in, say, > you checking account register. Use Transfer or Credit Card Payment to move > money from the checking account register to the credit card register. Delete > the entirely unhelpful and confusing Credit Card Payments/Transfer Expense > Category. > See: > http://umpmfaq.info/faqdb.php?q=53 > http://umpmfaq.info/faqdb.php?q=73 > http://umpmfaq.info/faqdb.php?q=167 > If you are using MEss or Essential Register, disregard above. > "Hoov" <Hoov[at]discussions.microsoft.com> wrote in message > news:42BB2E42-91F5-421F-867F-4A94B2C33439[at]microsoft.com... > > I use my credit card for almost all of my monthly expenses and then pay it > > off when due without accruing any finance charges. I do this to track > > categories of expenses. However, when I have a "credit card > > payment/transfer", it shows that as an expense as well. This problem > > occurs > > when trying to run spending reports. > > Example: > > $3,000 monthly income > > ($2,400) credit card expenses > > ($2,400) credit card payments and transfers > > ($1,800) negative cash flow at end of month rather than $600 positive > > > Any suggestions on how to offset this expense would be greatly > > appreciated. |
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#-1
01-08-2007, 05:20 PM
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| Re: Credit card payment in reports You don't say what edition/version you are using, nor whether, if appropriate, you are using Essential or Advanced Register. These answers could make a large difference in the appropriate answer. The Best Practice is to use M04 or M05+ (and not Money Essentials (MEss)) in Advanced Register mode. Record the Expense transactions in the credit card account register. That's where the expenses are. Record the income in, say, you checking account register. Use Transfer or Credit Card Payment to move money from the checking account register to the credit card register. Delete the entirely unhelpful and confusing Credit Card Payments/Transfer Expense Category. See: http://umpmfaq.info/faqdb.php?q=53 http://umpmfaq.info/faqdb.php?q=73 http://umpmfaq.info/faqdb.php?q=167 If you are using MEss or Essential Register, disregard above. "Hoov" <Hoov[at]discussions.microsoft.com> wrote in message news:42BB2E42-91F5-421F-867F-4A94B2C33439[at]microsoft.com... - quote - > I use my credit card for almost all of my monthly expenses and then pay it > off when due without accruing any finance charges. I do this to track > categories of expenses. However, when I have a "credit card > payment/transfer", it shows that as an expense as well. This problem > occurs > when trying to run spending reports. > Example: > $3,000 monthly income > ($2,400) credit card expenses > ($2,400) credit card payments and transfers > ($1,800) negative cash flow at end of month rather than $600 positive > Any suggestions on how to offset this expense would be greatly > appreciated. |
| Tags |
| card, credit, payment, reports |
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