I'm not aware of there actually being any difference between
a transfer and credit card payment. I know that with a loan
payment, Money calculates the interest portion of the payment
for you. In other words, with the special loan payment, there's
an automatic split. One part of that split is an expense and the
other is a transfer. But I've never seen the special "cc payment"
do anything like that. As far as I can tell, the cc payment is
exactly the same as a transfer.

Now, of course, in Money 05 and later, Microsoft introduced an
expense category called "Credit Card Payment". Make sure that you
don't use that. There's a world of difference between a transfer
(which does not effect your net worth) and an expense category
(which does). If you get this wrong, your budget will be wrong,
your cash flow will be wrong, and you'll appear to be spending a
lot more than you actually are.

My recommendation would be to go into categories and payees and
delete the expense category labled "Credit Card Payment" or whatever
it's called. By doing that you'll avoid the confusion as to whether
or not the thing you're picking is a transfer or an expense.


On 2007-02-03, Wild_marigold <Wildmarigold[at]discussions.microsoft.com> wrote:
- quote -

Credit Card Payment was invented for people who just couldn't get using
Transfer to make a credit card payment. They function no differently. Look
at the opposite side of a Credit Card Payment. It even says Transfer. As to
it complaining about changing them, I'd suspect this is just the logic for
"if anything changes, warn". You can use either one. I suggest that Transfer
is normative.

Note that M05 added an Expense category called Credit Card Payments /
Transfers just to further confuse people who weren't getting it before.
Delete it.

"Wild_marigold" <Wildmarigold[at]discussions.microsoft.com> wrote in message
news:EC4F8583-4BC8-4476-938E-1D08982B90AA[at]microsoft.com...
- quote -

I have one checking account and several credit cards. The main transactions
are: money transferred from checking to credit for monthly payments and
sometimes balance transfers from the credit to checking. I am confused when i
have a payment to credit card and it is showing on my checking account is it
transfer or credit card payment? Because sometimes i get warning that the
transaction will get unreconciled if i choose the credit card payment. What
is a logic ?