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#3
03-25-2008, 11:18 AM
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 Re: Overdraft protection Indeed. For the lurkers and archive readers, the subsequent fees and interest are expenses that get added to the overdraft protection account in separate transactions. They don't change the basic premise that the initial move of "principal" is neutral therefore best accounted for in Money as a Transfer. "Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message news:OAj1D2hjIHA.4712[at]TK2MSFTNGP04.phx.gbl... "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:ui$HxFVjIHA.1164[at]TK2MSFTNGP02.phx.gbl... - quote - > You didn't get richer or poorer.
Except for the outrageous fees and interest.-- Chris Cowles Gainesville, FL |
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#2
03-25-2008, 01:11 AM
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| Re: Overdraft protection "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:ui$HxFVjIHA.1164[at]TK2MSFTNGP02.phx.gbl... - quote - > You didn't get richer or poorer.
Except for the outrageous fees and interest.-- Chris Cowles Gainesville, FL |
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#1
03-24-2008, 12:49 AM
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| Re: Overdraft protection And the advantage to the method Chris describes is that this isn't income. It's adding to a liability by adding cash to a cash asset account. They exactly offset. You didn't get richer or poorer. "kenard1" <kenard1[at]discussions.microsoft.com> wrote in message news:0B977820-2CB9-46FE-BD2B-5D729258DEE3[at]microsoft.com... - quote - > I have a VISA credit card that automatically puts money in my bank checking > account if my checking account balance goes negative due to overdrawing > the > account. In Money 2008, how do I categorize this transaction? Currently > I'm > calling it Other Income, but I don't think that is correct. Any > suggestions. > Tks. Ken |
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03-23-2008, 03:51 PM
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| Re: Overdraft protection "kenard1" <kenard1[at]discussions.microsoft.com> wrote in message news:0B977820-2CB9-46FE-BD2B-5D729258DEE3[at]microsoft.com... - quote - > I have a VISA credit card that automatically puts money in my bank checking
If it doesn't already exist, create the credit card account in Money. The transfer from the account is exactly that in Money: Transfer. That assumes you're not using Essentials and are using Advanced Register.> account if my checking account balance goes negative due to overdrawing the > account. In Money 2008, how do I categorize this transaction? Currently I'm > calling it Other Income, but I don't think that is correct. Any suggestions. > Tks. Ken -- Chris Cowles Gainesville, FL |
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#-1
03-23-2008, 03:27 PM
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| Overdraft protection I have a VISA credit card that automatically puts money in my bank checking account if my checking account balance goes negative due to overdrawing the account. In Money 2008, how do I categorize this transaction? Currently I'm calling it Other Income, but I don't think that is correct. Any suggestions. Tks. Ken |
| Tags |
| overdraft, protection |
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