Duplicating categories

I break down categories in my credit card accounts then list the payment from
my bank account as a credit card expense. So I wind up with the money being
allocated twice. How do I prevent the duplication? (for ex. if all bills were
paid from my credit card it would show up as twice as much money spent as I
made. First broken down as individual expenses then as the credit card
payment.)

Hilda

Ken
Sat Apr 26 14:50:31 CDT 2008

See http://umpmfaq.info/faq.html#intro

Specifically... http://umpmfaq.info/faq.html#Q53

"Transfer" is what you need to use.

"Hilda Korn" <HildaKorn@discussions.microsoft.com> wrote in message
news:1A0E453A-6CFB-40C6-91D7-2FAE16B46F9D@microsoft.com...
| I break down categories in my credit card accounts then list the payment
from
| my bank account as a credit card expense. So I wind up with the money
being
| allocated twice. How do I prevent the duplication? (for ex. if all bills
were
| paid from my credit card it would show up as twice as much money spent as
I
| made. First broken down as individual expenses then as the credit card
| payment.)
|
| Hilda

Cal
Sat Apr 26 15:36:51 CDT 2008

In microsoft.public.money, Hilda Korn wrote:

>I break down categories in my credit card accounts then list the payment from
>my bank account as a credit card expense. So I wind up with the money being
>allocated twice. How do I prevent the duplication? (for ex. if all bills were
>paid from my credit card it would show up as twice as much money spent as I
>made. First broken down as individual expenses then as the credit card
>payment.)

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. I would consider this the classic of the ways I like. Note
that for this you would *not* use the Money "EXPENSE Credit Card
Payment". I would Delete that category.

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

If you don't see the SPECIAL Transfer category at the bottom of the
list, switch to advanced register. One way is
Tools->Settings->AccountSettings->DisplayAllAccountsInTheAdvancedRegister

Chris
Sat Apr 26 15:59:43 CDT 2008

"Hilda Korn" <HildaKorn@discussions.microsoft.com> wrote in message =
news:1A0E453A-6CFB-40C6-91D7-2FAE16B46F9D@microsoft.com...
>I break down categories in my credit card accounts then list the =
payment from=20
> my bank account as a credit card expense. So I wind up with the money =
being=20
> allocated twice. How do I prevent the duplication? (for ex. if all =
bills were=20
> paid from my credit card it would show up as twice as much money spent =
as I=20
> made. First broken down as individual expenses then as the credit card =

> payment.)

Suggestions to use Transfer (aka the "special" category called Credit =
Card Payment) are dependent on use of Advanced Register, which is =
further dependent on not using Money Essentials.

The Credit Card Payment special category is a transfer in disguise and =
can be used only for transfer to a Credit Card account. It is distinct =
from the Credit Card Payment /expense/ category. Other than filtering =
the list of target accounts to only include credit card accounts, the =
Credit Card Payment transfer imparts no additional special functions.
--=20
Chris Cowles
Gainesville, FL