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Old 06-07-2008, 06:03 PM
Dick Watson
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Default Re: credit card expenses double entry

Comments inline below.

"ethanp" <ethanp[at]discussions.microsoft.com> wrote in message
news:425F004B-89AE-418E-8D84-9F9003397A4F[at]microsoft.com...
- quote -

> I'm trying the Microsoft Money Plus Deluxe trial. I've downloaded
> transactions from my credit cards into Money and downloaded transactions
> from
> my online bank into Money. I pay my credit cards from my online bank. As
> a
> result, my expenses from my credit cards get counted twice in my expenses
> in
> money. How can I get Money to count them only once?


The key secret here is that you use Advanced Register and make the payment
to the credit card account a Transfer not an Expense. See
http://umpmfaq.info/faqdb.php?q=53.

- quote -

> Also, when I get online updates from my bank transactions, I cannot split
> a
> given transaction (no option is given to do so) into different categories.
> Pls. advise.


I don't mess with downloaded transactions, but I wonder if you are using
Advanced Register? Try typing Ctrl+S when you are going to enter
catigorzation before accepting the downloaded transaction.

- quote -

> Thirdly, I categorized an account adjustment as "Not an Expense" yet it
> still shows up as an expense in the "spending my category" pie chart. How
> do
> I get it out of that pie chart?


"Not an Expense" is an Income Category but is so bizarre as to be a
candidate for immediate deletion. If the adjustment is a debit, I suggest
you use some real Expense category. If a credit, then use some Income
category. As to the Pie Chart, it's probably hard-coded. If you change to
Advanced Reports, you probably can customize categories to be displayed.


  #-1  
Old 06-07-2008, 05:48 PM
ethanp
Guest
 
Posts: n/a
Default credit card expenses double entry

Hi,

I'm trying the Microsoft Money Plus Deluxe trial. I've downloaded
transactions from my credit cards into Money and downloaded transactions from
my online bank into Money. I pay my credit cards from my online bank. As a
result, my expenses from my credit cards get counted twice in my expenses in
money. How can I get Money to count them only once?

Also, when I get online updates from my bank transactions, I cannot split a
given transaction (no option is given to do so) into different categories.
Pls. advise.

Thirdly, I categorized an account adjustment as "Not an Expense" yet it
still shows up as an expense in the "spending my category" pie chart. How do
I get it out of that pie chart?

Thanks,
Ethan
 

Tags
card, credit, double, entry, expenses
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