Thank you, I have been using a form of #2 but you are correct Cal, I do like
the option 3 the best, this will at least get me to where I want.

I am disappointed that such an obvious issue has not been addrssed.

"Cal Learner-- MVP" wrote:

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To what Cal wrote, I'd add: 1) The date being the same on both sides of
Transfer (and Credit Card Payment) transactions is the way it is and
generally doesn't matter unless you are trying to match the real world
completely. As to reconciling, it shouldn't make a difference--the only
issue may be the setting for match within range of days for downloaded data.
Open it up or force the match by hand. As to balancing the account, it is
perfectly permissible to balance one account and one half of the Transfer in
one account one month and the other account and the other half of the
transfer transaction another month.

"Mike2001" <bigmike2001[at]gmail.com> wrote in message
news:1185036129.083811.203570[at]r34g2000hsd.googlegroups.com...
- quote -

In microsoft.public.money, Mike2001 wrote:

- quote -

There is more than one way to handle it. 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 method.

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.

I suspect you might like method 3 if you want to maintain the
separated dates.

I have not been able to figure this out. When I say, pay a credit card
bill from checking, the date that it posts to my checking account will
be different form the date it posts to the CC account.
The problem: If I use the "Transfer: CC Account" category the dates in
each account will be the same.
This doesn't make sense, how often do transfers post to each account
on the same day? How do you reconcile if date do not fall into the
same statement period?
Am I missing something or is this just the way it is?