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#2
06-24-2004, 01:29 PM
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 Re: understanding "TRANSFERS" in the monthly Income Statment They work exactly the same. Credit Card Payment was added to further confuse people who couldn't understand the more normative Transfer. "Howard" <urbanwd[at]yahoo.com> wrote in message news:49012e72.0406240526.6d2d6e9f[at]posting.google.com... - quote - > I was wondering what the difference is when I choose the category: > Transfer: Credit Card > or > Credit Card Payment: Credit Card > They both seem to work and I think they both update the upcoming bill > I have in Bills and Payments. So is there a differnce? Maybe > transfer does not update the reoccuring bill. I have to wait until > the next one to double check that. |
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#1
06-24-2004, 01:26 PM
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| Re: understanding "TRANSFERS" in the monthly Income Statment - quote - > Buy dinner with your credit card, that is an expense of $20 in June.
I was wondering what the difference is when I choose the category:> Pay the credit card bill by sending a check to the credit card > company in July, that is a transfer. The expense was when you ate > the dinner. Transfer: Credit Card or Credit Card Payment: Credit Card They both seem to work and I think they both update the upcoming bill I have in Bills and Payments. So is there a differnce? Maybe transfer does not update the reoccuring bill. I have to wait until the next one to double check that. |
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06-23-2004, 11:59 PM
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| Re: understanding "TRANSFERS" in the monthly Income Statment In microsoft.public.money, T Grier wrote: - quote - > I need help in understanding the TRANSFERS in the
Buy dinner with your credit card, that is an expense of $20 in June.> Monthly income and Spending STATMENTS.... > Why are they a neg? > My basic understanding is that > INCOME 1000 > EXPENSES 1000 > INCOME - EXPESNE = 0 > That is what the report is trying to show...like a mini PL for yourself > I am assuming .... > However... if in the above example I have 400 in transfers... > what would my INCOME - EXPENSE = ? Pay the credit card bill by sending a check to the credit card company in July, that is a transfer. The expense was when you ate the dinner. |
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#-1
06-23-2004, 06:54 PM
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| understanding "TRANSFERS" in the monthly Income Statment Ok... I need help in understanding the TRANSFERS in the Monthly income and Spending STATMENTS.... Why are they a neg? My basic understanding is that INCOME 1000 EXPENSES 1000 INCOME - EXPESNE = 0 That is what the report is trying to show...like a mini PL for yourself I am assuming .... However... if in the above example I have 400 in transfers... what would my INCOME - EXPENSE = ? Thank you ... maybe I am dense... |
| Tags |
| income, monthly, statment, transfers, understanding |
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