Hi all:

I maintain both my checking and creidt card accounts in money.
When I make a payment from my checking account to the credit-card company I
categorize that transaction using Credit Card Payments as an expense.

But how do I categorize the transaction on the credit-card account side. The
transaction is neither an expense nor income.

Ideas?

Thanks

-Mike

Re: How does everyone categorize credit-card payments by Ron

Ron
Sat Mar 15 08:50:39 CDT 2008

They are transfers from my checking account to my credit card account.

I enter my budget categories on the credit card charges.
--ron

Re: How does everyone categorize credit-card payments by Taylor

Taylor
Sat Mar 15 09:11:48 CDT 2008


"Mike" <Mike@discussions.microsoft.com> wrote in message
news:76B1009C-D164-46DC-9C78-E2A47D66B39D@microsoft.com...
> Hi all:
>
> I maintain both my checking and creidt card accounts in money.
> When I make a payment from my checking account to the credit-card company
> I
> categorize that transaction using Credit Card Payments as an expense.
>
> But how do I categorize the transaction on the credit-card account side.
> The
> transaction is neither an expense nor income.
>
> Ideas?
>
> Thanks
>
> -Mike

Money treats almost all of your accounts the same for categorization
purposes. Categories in a credit card account and a checking account will
all appear in a categories report.

I categorize my credit card expenses in the credit card account register.


Re: How does everyone categorize credit-card payments by Bob

Bob
Sat Mar 15 11:43:40 CDT 2008

Track your spending in the CC account register and record your monthly
payment as a transfer from the current account to the CC account.

Even if you do clear your cc card each month it is worth using the Debt
Reduction Planner as that sets up bill reminders and so on.

--
Regards
Bob Peel,
Microsoft MVP - Money

For UK tips & fixes see
http://support.microsoft.com/default.aspx?scid=fh;EN-GB;mny.


I do not respond to any emails that I have not specifically asked for.

"Mike" <Mike@discussions.microsoft.com> wrote in message
news:76B1009C-D164-46DC-9C78-E2A47D66B39D@microsoft.com...
> Hi all:
>
> I maintain both my checking and creidt card accounts in money.
> When I make a payment from my checking account to the credit-card company
> I
> categorize that transaction using Credit Card Payments as an expense.
>
> But how do I categorize the transaction on the credit-card account side.
> The
> transaction is neith