Re: Liability and Loan Accounts... by Steve
Steve
Sun Jan 16 12:31:18 CST 2005
Thanks, I understand.
Steve
"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:eOMHFh9%23EHA.1292@TK2MSFTNGP10.phx.gbl...
: First, understand that Transfer is the general form for doing this,
: regardless of whether the target is a credit card account or a liability
: account. (Loan accounts use Loan Payment to automatically compute the
: interest component on an amortizing loan. A Loan Payment is computed from
: the total to be part interest expense/income and part transfer.) "Credit
: Card Payment" was added some time ago--Transfer has always been there--to
: confuse people into thinking that paying a credit card was somehow not a
: Transfer. It is. Since Transfer is normative and equally functional, I
: recommend its use instead of Credit Card Payment. M05 added a new Expense
: category called Credit Card Payments/Transfer to further muddy the waters
as
: to what Credit Card Payment and Transfer are. I'd recommend deleting this
: unless you are using Essential Register which I wouldn't recommend doing.
: Credit Card Payments/Transfer just causes confusion and bad data on
: expenses.
:
: Now, as to your second issue of the check numbers, I'm a little mystified
by
: this. I cannot duplicate the behavior of seeing the check number entered
in
: the source account in the register of the target account of a Credit Card
: Payment:[target] in M04. In M05, using two Advanced Register accounts, I
see
: the exact same behavior. In both versions, for the case of both a Credit
: Card Payment and a Transfer, I can enter a different number (or the same
: number if I feel like it) in each account register the transfer appears
in.
: These are separate numbers, though they may be equal.
:
: So, I conclude:
:
: 1) You may be using M05 Essential Registers which may work different and
: about which I know nothing,
: 2) You may be using downloaded data and the FIs load a number in the
credit
: card half of the transaction you ultimately match,
: 3) You can enter whatever number you want in the number field of the
: receiving half of the Transfer in your liability account by hand if you
: want. (I verified this in an M04 test file for a Liability account and a
: Transfer transaction.)
:
: I'm not sure why you'd want a check number from one account to show up as
a
: transaction number in another account's register. It would seem misleading
: to me.
:
: "Steve Thompson" <stthomp@hotmail.com> wrote in message
: news:eivicr8%23EHA.3124@TK2MSFTNGP11.phx.gbl...
: > I'm using Money Deluxe 2005 and I have created several credit card
: > accounts.
: > When I enter a transaction into my checking account I can select a
: > category
: > to be paid to that specific credit card account and everything transfers
: > to
: > the proper credit card account including the check number written.
: >
: > Now I just created 2 more accounts as liabilities (Not Loans) although
: > they
: > are loans but loans from friends, not banks. The only categories for
these
: > loans are Transfer. Whereas, with my credit card accounts I have both
: > transfer and Credit Card Payment options to the specific credit card
: > accounts. But the only category option I have for the Liability account
is
: > Transfer. This is a little confusing to me because when I look at the
: > Liability register, the check number doesn't show and the category is
: > Transfer and there seems to be no way to enter the check number that was
: > written to that account. Yes I can see the check number written in my
: > checking account register but not the liability register. How can I
change
: > this so that I can record a payment in my checking account register just
: > like I would like making a credit card payment, Number one. And number
: > two,
: > How can I get the check number to show up in the liability account
: > register?
: >
: > I'm not doing a direct online bank transfer to this liability account.
:
: