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  #4  
Old 01-13-2008, 05:46 AM
Dick Watson
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Default Re: do CC payments show up in cash flow?

Yes. Since trending or budgeting work income or expense, I suppose this is a
must here. I have mine set for either an average amount that I suspect to be
high or I set them to be the average of the last 12. Neither is perfect
given the fluctuation in spending on the card from month to month.

"Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message
news:%23QEnqZaVIHA.1208[at]TK2MSFTNGP03.phx.gbl...
- quote -

> "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
> message news:uHkwVPaVIHA.2368[at]TK2MSFTNGP05.phx.gbl...
> > > IF, OTOH, you are just looking at cash flow for the cash account(s) it

> > should show up. This is probably the better way to manage to cashflow.

> Assuming a scheduled bill for the credit card payment, correct?



  #3  
Old 01-13-2008, 04:37 AM
Chris Cowles
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Default Re: do CC payments show up in cash flow?

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uHkwVPaVIHA.2368[at]TK2MSFTNGP05.phx.gbl...
- quote -

> IF, OTOH, you are just looking at cash flow for the cash account(s)
> it should show up. This is probably the better way to manage to
> cashflow.


Assuming a scheduled bill for the credit card payment, correct?
--
Chris Cowles
Gainesville, FL


  #2  
Old 01-13-2008, 04:19 AM
Dick Watson
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Default Re: do CC payments show up in cash flow?

IF you are showing cashflow for both accounts combined, no , it will not
show up--because it offsets to 0.

IF, OTOH, you are just looking at cash flow for the cash account(s) it
should show up. This is probably the better way to manage to cashflow.

"CK" <CK[at]discussions.microsoft.com> wrote in message
news:56C2EA8F-E3D0-4D05-9E56-4B3855DF027B[at]microsoft.com...
- quote -

> However, it doesn't appear in my cash flow forecast, either as a trended
> item or an approximate one. Is it supposed to?



  #1  
Old 01-13-2008, 04:01 AM
Chris Cowles
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Default Re: do CC payments show up in cash flow?

"CK" <CK[at]discussions.microsoft.com> wrote in message
news:56C2EA8F-E3D0-4D05-9E56-4B3855DF027B[at]microsoft.com...
- quote -

> I use my CC to track most of my spending and pay off the bill each
> month when
> it comes, using a transfer from my checking to the CC. Money
> downloads it as
> "internet payment" and it jives with the transfer that I made from
> my
> checking account.
> However, it doesn't appear in my cash flow forecast, either as a
> trended
> item or an approximate one. Is it supposed to?


Assuming you use a single credit card for almost everything and it's
included as a budget account, allocate your categories to that credit
card. Do that on the category details page.

Schedule an estimated monthly Credit Card Payment from checking (or
wherever) using the special category. Look at the CFF for the credit
card account alone. Include budget items in the cash flow. Edit the
scheduled credit card payment transaction until the average credit
card balance is approximately flat over time. (It will never be zero.)

Now change the CFF to reflect the checking account from which the
credit card originates. The effect of the scheduled credit card
payment will be reflected in the checking account CFF.

The above is what I do, and my CFF fairly accurately represents
reality. Large bills like my mortgage do come out of checking and are
scheduled. I pay few expenses out of my checking, preferring to do
that from the credit card account.

The only budget category that appears in my checking CFF is utilities,
for which the utility company will not permit automatic payment by
credit card. I didn't schedule a payment for that to avoid duplicating
the budget estimated amounts, and other scheduled payments in checking
don't, either.
--
Chris Cowles
Gainesville, FL


 
Old 01-13-2008, 01:43 AM
Steve
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Default Re: do CC payments show up in cash flow?

=?Utf-8?B?Q0s=?= <CK[at]discussions.microsoft.com> wrote on 12 Jan 2008 in
group microsoft.public.money:

- quote -

> I use my CC to track most of my spending and pay off the bill each
> month when it comes, using a transfer from my checking to the CC.
> Money downloads it as "internet payment" and it jives with the
> transfer that I made from my checking account.
> However, it doesn't appear in my cash flow forecast, either as a
> trended item or an approximate one. Is it supposed to?


The transfer is neither income nor expense, so it won't show up anywhere.
The transactions inside your credit card account are what should show up
in the cash flow forcast.

Some people just record their credit card payments as a single expense
transaction and don't have an actual CC account, but those people don't
get useful data from reports. It's the equivalent of writing "bought some
stuff" in the memo field on a check.

--
Steve B.
New Life Home Improvement
  #-1  
Old 01-13-2008, 01:27 AM
CK
Guest
 
Posts: n/a
Default do CC payments show up in cash flow?

I use my CC to track most of my spending and pay off the bill each month when
it comes, using a transfer from my checking to the CC. Money downloads it as
"internet payment" and it jives with the transfer that I made from my
checking account.

However, it doesn't appear in my cash flow forecast, either as a trended
item or an approximate one. Is it supposed to?

TIA
 

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cash, flow, payments, show
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