Two independent transactions works perfectly fine -- and can be accounted
for in budgets, cash flow, etc.

--
Michael Gordon


"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:abvot21riqmhc4h7l8l97pkbv5khp78np3[at]4ax.com...
- quote -

I like the Paycheck scheme because I understand how paycheck information
propagates to Tax Estimator.

But clearly there are a number of ways that this can be done, all of which
have their own complications.

I think the real answer--which we probably won't see in our lifetimes or the
remaining lifetime of a "Microsoft Money" product--is some elaboration on
Transfer that deals with/ can be tracked to account for the nature of the
money coming out of a tax deferred account. It would also be simply ducky if
they'd add the ability to schedule Sells and so forth. But I'm not holding
my breath.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:abvot21riqmhc4h7l8l97pkbv5khp78np3[at]4ax.com...
- quote -

In microsoft.public.money, Dick Watson wrote:

- quote -

Wouldn't entering two independent transactions be simpler?

I have not tried it, but it seems that I could consider using two
different categories. Or perhaps a single category on both ends
analogous to the using an expense category for a refund upon return
of a purchase.

- quote -

I like this one. Perhaps I'll add it to the FAQ! (I'd pick up the other
techniques as well.)

"Jeff M" <jamacq[at]gmail.com> wrote in message
news:1171694532.586265.69090[at]m58g2000cwm.googlegroups.com...
- quote -

On Feb 16, 7:55 pm, "Michael Gordon" <gord...[at]denison.edu> wrote:
- quote -

An alternative solution might be to create a paycheck under the bills
summary. On the wages tab create two entries. First, create an
income entry using category "Retirement Income: IRA Withdrawal".
Then a second entry under wages that is a transfer from the IRA
account. The result on the wages tab would be a total that is double
the amount withdrawn. Now on the Deductions after Taxes tab create
an entry with a new category called something like "IRA Income
Bookkeeping Entry" and deduct the same amount as the transfer. Now
you have a paycheck that does all of the entries resulting in income.

For example, if you were taking out $1000 from account IRA1, you would
enter on the wages tab an "IRA Withdrawal" entry for $1000, and a
second entry with "Transfer fm: IRA1" for $1000. Now the wages show a
total of $2000 which is not correct, but only the first entry would
actually show up as income on income and expense reports. Create an
entry on the deductions tab for $1000 to category "IRA Income
Bookkeeping Entry" (or whatever you prefer calling this). Now you
have a paycheck for $1000.

This is roughly the same as your solution but avoids Money protests
about the split. The downside is you have an expense category that
isn't real.

Jeff

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23F9DAlkUHHA.1200[at]TK2MSFTNGP02.phx.gbl...
- quote -

If that happens soon maybe Bill can use it to handle expenditures by his
foundation. I think he's past the savings phase, no?

Perhaps we have and my age-addled brain forgets. The part I was missing was
that the message you were suggesting to ignore was re. an unbalanced split.
Got it now. I agree this achieves one of the objectives. A Sell to no
transfer account and then an income entry does the same without the
unbalanced split--but two otherwise disconnected transactions. There might
be other side effects in reporting, et al., either way.

Perhaps Money will add post-savings phase support sometime soon.

"Michael Gordon" <gordonm[at]denison.edu> wrote in message
news:u2gEH5iUHHA.1200[at]TK2MSFTNGP02.phx.gbl...
- quote -

I think we've been through this before, Dick, but maybe not. Let's say I
want to withdraw $1000 from my IRA account and transfer it to my checking
account and, at the same time, show up in a category of IRA Income. So, I
begin with my checking account, enter a deposit of $1000, and split the
category. One category I designate as Transfer: IRA (which gets the money
into the account). The second category I designate as IRA Income. I tell
Money that I'm done, Money complains that the split doesn't add up, and I
tell Money to shut up. Certainly not elegant, but it works in that the $1000
is transferred and IRA Income has the correct amount.
--
Michael Gordon


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uM65CzcUHHA.3592[at]TK2MSFTNGP03.phx.gbl...
- quote -

Could you give an example of what the elements of this split would be? I'm
not seeing what you have in mind.

"Michael Gordon" <gordonm[at]denison.edu> wrote in message
news:eQx98oWUHHA.388[at]TK2MSFTNGP04.phx.gbl...
- quote -

"Michael Gordon" <gordonm[at]denison.edu> wrote in message
news:eQx98oWUHHA.388[at]TK2MSFTNGP04.phx.gbl...
- quote -

account (virtual account) and then to an income account. I will have to
work on that LOL

Thanks

You can either do it as two separate transaction (withdrawal, with no
category?) and deposit (with an income category). Or you can split the
transfer transaction, add a second income category to the transaction, and
ignore Money's complaint.

--
Michael Gordon


"Randy" <nospam[at]comcast.net> wrote in message
news:OcQyGeLUHHA.4404[at]TK2MSFTNGP03.phx.gbl...
- quote -

In Money 2007 -- How is one to make an IRA withdrawl appear as income? The
monies are done by transfer from IRA cash account to checking. They just
appear as a transfer of funds with no impact on income.