- quote -

Thanks Cal, I was using 'Specia' transfer, but I got way to change
transaction as Transfer. Thanks for your help.

In microsoft.public.money, Pankaj wrote:

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No, not for the SPECIAL transfer. And I don't think you should want
it to do that. A transfer is the movement of money from one account
to the other. Thus it by its nature will affect both accounts. If
for some reason the classic way of handling this does not appeal to
your, here are some alternatives that you might prefer. Maybe method
3 below would appeal to you.

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. [this is Bonnie
Synhorst's favorite method.]. For this method you *could* use the
Money 2005 "EXPENSE Credit Card Payment".

3. Create a suspense account.
I have one I call In Transit, and I named it a "cash or other"
account. Change each of the downloaded transactions into transfer
to/from that account. That account will normally have a zero
balance except while funds are in transit. Make your credit card
payments as transfers to and from that account.

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Cal, I searched further on this and found another post with SAME problem:
http://www.microsoft.com/communities...&cr=&sloc=&p=4

In this post, you suggested

- quote -

After this point, you process transactions for account B. Hope Money
matches the now-existing transfer. If it does not, click Change and
select the transfer to match.

-- Could you please help in the last step 'click Change and select the
transfer to match' Where can I find this option?

Sorry, but I just started using Money and don't have much idea about all the
options.

Thanks,
Pankaj

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Thanks Cal for quick reply.

But I'm not still able to resolve the problem. Let me give you example.
My Checking1 a/c has 1 entry - $nnn as expense and my credit card a/c has
other entry - $nnn as income. Now if I mark first entry as 'Transfer: Credit
Card a/c', Money CREATES one entry in Credit Card a/c with $nnn, so now my
Credit Card a/c has 2 $nnn entry. Since Im using online update facility this
problem will arise every month so is there any way to tell Money to NOT TO
create entry in other a/c when any transaction is marked as 'Transfer ....'?

In microsoft.public.money, Pankaj wrote:

- quote -

When you first 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.

For existing transactions that are already accepted, convert one to
a Transfer and Void/Delete the other.

Hi,

I'm using 2008 deluxe edition. I use online service to update my bank and
credit card accounts. I came across one post (Subject: funds transfer to
another account) in which 'Dick Watson' suggested using special category
'Transfer' for transaction where money is transfered from bank to credit
card. But I'm facing problem here, when I select 'Transfer' category in bank,
it adds new entry in credit card account, but due to online update that entry
is already present there, so now I have 2 credit entries in credit card
account. Is there any way to avoid this situation?

Thanks,
Pankaj