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#8
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| I schedule mine as only once deposits for the same reason. "Art McClinton" <art.mcclinton[at]cox.net> wrote in message news:Mzsnj.10835$q36.1043[at]newsfe14.lga... - quote - > That is probably the best solution that I have seen. It also provides a > place where you can see if all the rebates you were expecting have > arrived. |
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#7
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| That is probably the best solution that I have seen. It also provides a place where you can see if all the rebates you were expecting have arrived. "Lynn Henderson" <lynnjunk[at]comcast.REMOVE.net> wrote in message news:%23pXL%23gdYIHA.1204[at]TK2MSFTNGP03.phx.gbl... - quote - > Taylor wrote: > > > "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in > > message news:ezhLXJHYIHA.5132[at]TK2MSFTNGP02.phx.gbl... > > > I think 99% of us just let it complain about income in an expense > > > category then tell it we don't care and want to do it that way anyway. > > > > > And to the notion that this stuff isn't income. It surely is. It may not > > > be taxable income IRS-style, but it is absolutely accounting income. > > > > > <None[at]here.com> wrote in message > > > news:vffnp3l07v1bjke2cjvud63mupu67t9rul[at]4ax.com... > > > > But how to make them propagate to the original category of expense > > > > without Money > > > > complaining of assigning expense category to a deposit ? > > > > > Create an Income category called "Refunds, Rebates and REimbursements". > > What I do is create a new cash account called "Refunds & Rebates." Say I > purchase a computer for $1000 with a $200 rebate, I split the transaction > to have $800 for "electronics" and a $200 transfer to the "Refunds & > Rebates" account. When I receive the rebate, then I transfer the $200 > back into my checking account or wherever I have deposited it. This way I > don't have a mysterious negative electronics "expense" two months after I > bought the item. |
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#6
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| Taylor wrote: - quote - > "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
What I do is create a new cash account called "Refunds & Rebates." Say> message news:ezhLXJHYIHA.5132[at]TK2MSFTNGP02.phx.gbl... > > I think 99% of us just let it complain about income in an expense > > category then tell it we don't care and want to do it that way anyway. > > > And to the notion that this stuff isn't income. It surely is. It may > > not be taxable income IRS-style, but it is absolutely accounting income. > > > <None[at]here.com> wrote in message > > news:vffnp3l07v1bjke2cjvud63mupu67t9rul[at]4ax.com... > > > But how to make them propagate to the original category of expense > > > without Money > > > complaining of assigning expense category to a deposit ? > > Create an Income category called "Refunds, Rebates and REimbursements". I purchase a computer for $1000 with a $200 rebate, I split the transaction to have $800 for "electronics" and a $200 transfer to the "Refunds & Rebates" account. When I receive the rebate, then I transfer the $200 back into my checking account or wherever I have deposited it. This way I don't have a mysterious negative electronics "expense" two months after I bought the item. |
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#5
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| "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:ezhLXJHYIHA.5132[at]TK2MSFTNGP02.phx.gbl... - quote - > I think 99% of us just let it complain about income in an expense category
Create an Income category called "Refunds, Rebates and REimbursements".> then tell it we don't care and want to do it that way anyway. > And to the notion that this stuff isn't income. It surely is. It may not > be taxable income IRS-style, but it is absolutely accounting income. > <None[at]here.com> wrote in message > news:vffnp3l07v1bjke2cjvud63mupu67t9rul[at]4ax.com... > > But how to make them propagate to the original category of expense > > without Money > > complaining of assigning expense category to a deposit ? |
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#4
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| I think 99% of us just let it complain about income in an expense category then tell it we don't care and want to do it that way anyway. And to the notion that this stuff isn't income. It surely is. It may not be taxable income IRS-style, but it is absolutely accounting income. <None[at]here.com> wrote in message news:vffnp3l07v1bjke2cjvud63mupu67t9rul[at]4ax.com... - quote - > But how to make them propagate to the original category of expense without > Money > complaining of assigning expense category to a deposit ? |
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#3
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| On Sat, 26 Jan 2008 17:40:47 -0500, "Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote: |"Netman" <I[at]here.com> wrote in message |news:%23ImJ9DGYIHA.4196[at]TK2MSFTNGP04.phx.gbl... |> But if you categorize these items as EXPENSE, they would incorrectly |> inflate |> the dollar amount of expense instead of decreasing it which they in |> fact are |> meant to do. | |If DEPOSITS in checking they are obviously NEGATIVE expenses. ========================== But how to make them propagate to the original category of expense without Money complaining of assigning expense category to a deposit ? Matt |
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#2
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| "Netman" <I[at]here.com> wrote in message news:%23ImJ9DGYIHA.4196[at]TK2MSFTNGP04.phx.gbl... - quote - > But if you categorize these items as EXPENSE, they would incorrectly
If DEPOSITS in checking they are obviously NEGATIVE expenses.> inflate > the dollar amount of expense instead of decreasing it which they in > fact are > meant to do. -- Chris Cowles Gainesville, FL |
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#1
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| But if you categorize these items as EXPENSE, they would incorrectly inflate the dollar amount of expense instead of decreasing it which they in fact are meant to do. There needs to be a way to apply these items against the respective expense amounts without them being counted as income. =============================================== On 1/26/2008 3:58:19 PM, "Art McClinton" wrote: | Totally your choice. | | When I can direct it to a specific purchase I categorize it as an expense | with the category of what I was purchasing. For example my home and auto | insurance is from a mutual company so the "re-imbursement" I receive at | the end of the year is categorized as insurance/auto (or home) and deducts | from what I paid. | | When I got a rebate on the computer or software I categorize it under the | computer expenses category that I had set up. | | If I can not figure out where the rebate came from it ends up either | randomly under some expense category or as misc expense. | | I look at them as lowering the expense so they category should be expense | to get the item to what I actually paid. | | Art | <None[at]here.com> wrote in message | news:v66np3h0fti28g100gk0dh50ur004iupke[at]4ax.com... |> I am using Money 2007 Deluxe (Not Plus) . I am wondering as to how to |> categorize Non-Income-Tax Refunds, Rebates and Reimbursements because |> these |> items are neither expense nor income, but each available category in Money |> is |> either Expense or Income. ||> Kindly advise ||> Thanks ||> Matt | | |
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| Totally your choice. When I can direct it to a specific purchase I categorize it as an expense with the category of what I was purchasing. For example my home and auto insurance is from a mutual company so the "re-imbursement" I receive at the end of the year is categorized as insurance/auto (or home) and deducts from what I paid. When I got a rebate on the computer or software I categorize it under the computer expenses category that I had set up. If I can not figure out where the rebate came from it ends up either randomly under some expense category or as misc expense. I look at them as lowering the expense so they category should be expense to get the item to what I actually paid. Art <None[at]here.com> wrote in message news:v66np3h0fti28g100gk0dh50ur004iupke[at]4ax.com... - quote - > I am using Money 2007 Deluxe (Not Plus) . I am wondering as to how to > categorize Non-Income-Tax Refunds, Rebates and Reimbursements because > these > items are neither expense nor income, but each available category in Money > is > either Expense or Income. > Kindly advise > Thanks > Matt |
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#-1
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| I am using Money 2007 Deluxe (Not Plus) . I am wondering as to how to categorize Non-Income-Tax Refunds, Rebates and Reimbursements because these items are neither expense nor income, but each available category in Money is either Expense or Income. Kindly advise Thanks Matt |
| Tags |
| categorize, rebates, refunds, reimbursements |
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