After many frustrating hours, I found a solution that worked for me:

First, you need to be using Advanced Register mode. (Open the account
register, then "Change Account Settings", and Change Register Detail"). Note-
You only need to do it to your checking account, not every account.

Second, make sure your credit card that you're paying into is downloaded
into Money and ready to go.

Now, once your checking account is in advanced mode, I find it easiest to
just locate the money transfer on your checking account, click on it and in
"Category" scroll to the bottom and you'll see "SPECIAL". Rather than using
"Transfer", use the "Credit Card Payment: XXXX" option. Just select the
credit card you paid. If you have the credit card in Money, it will show up
in that list.
Once you've done that, it might say something about your account already
being reconciled or something, just say "Yes", it won't mess anything up. it
will then say "Credit Card Payment: (your cc)" in the category box.

Now go to the credit card registry. It can stay in "essential mode" to make
it easier. You'll notice that your transfer will appear in that credit card
twice, but the balance will still be the same. So either leave it that way,
or just delete the one that doesn't say "Transfer from (your bank)". Once
again the balance will stay the same. I guess Microsoft designed it to ignore
"Credit Card Payments" regarding the balance.

Hopefully, Money should remember future transactions this way. All you'll
have to do is delete the duplicate on the CC.

Hope that helps!

In microsoft.public.money, Ed Markovich wrote:


- quote -

That way, if you forget to change or match the transaction in either
account, the balances are correct. By report customization you can
get the positive and negative values for that category to balance
out for a report.

There is a third method good that has some merit: change
deposits/payments both sides to a transfer to a suspense account
that will usually have zero balance-- except when money is in
transit.

Cal Learner-- MVP wrote:
- quote -

Cal - Just curious, why would anyone want to use the second option?

In microsoft.public.money, rozelle25 wrote:

- quote -

There is more than one good way to download your credit card
data and have also the payment downloaded from a checking account.
Here are two 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 of the ways I like. Note
that for this you would *not* use the Money "EXPENSE Credit Card
Payment". I would Delete that category.

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. For this method you
could use the Money "EXPENSE Credit Card Payment".

I download my cc statement to track expenses. The transfer payment from my
bank shows up in many reports, specifically "spending by category" on my home
page. How can I eliminate this. It seems to me it is double counting.