funds transfer to another account.

I'm in the process of setting up Money+ Deluxe for the first time. So far so
good considering I'm a newbie to using any kind of personal finance software
and thick as a brick when it comes to accounting. So please bear with me and
please type slowly...

I have two separate chequing accounts at my bank with one set up
specifically for me to dump money into and to have mortgage payments
automatically withdrawn from. I've been doing this for years at my bank and
I've setup the same accounts in Money the same way. ie: check1 & check2
I have all transactions to date from Jan of this year entered and am
currently in the ~tedious~ process of going through each transaction
verifying against my bank statements and assigning to categories. I've
"accepted" the transactions once they're complete but haven't reconciled
anything yet as some transactions really have me stymied as to how to
categorize them so that they don't throw my reports out of whack.

Ordinarily, at the bank I transfer money from Check1 to Check2; VISA; etc.
How do I categorize a transfer from Check1 to Check2 so that it doesn't
appear in reports as an extra expense and income (in the Check2 acc't).
It balances but, for example in Reports it shows that I'm spending twice on
the mortgage than I actually am. Actually, a bit more as I generally
transfer a few dollars more to cover fees and to maintain a small balance in
check2.

I realize that this may be more of an accounting question than one for this
forum but any help would be greatly appreciated.

TIA!

Dick
Tue Apr 29 19:14:42 CDT 2008

Use Advanced Register and the Transfer "special category" of transaction.
Transfer takes a "subcategory" of the other account in the transaction and
shows up in both registers. Transfer is neither Income nor Expense so it
doesn't look like Spending. So, you would put a transaction of category
Transfer : Checking2 in the Checking1 account register. The same thing is
true for Transfer : VISA Account in the Checking2 register when paying the
VISA Account. Transfer is VERY HANDY. You will use it A LOT.

Along the same lines, DELETE the Expense Category "Credit Card Payments /
Transfer". It is useless and is just there to confuse savvy users like
yourself and confuse the meaning of the much more useful Special Category
Transfer.

If you are looking in the Category pull-down, look at the very bottom under
Special Categories.

As to your case with fees, again, in Advanced Register, you can "split" a
transaction into multiple components. Say you could enter a $1020.00
transaction in Checking1 that was "split" into a $1,000.00 Transfer :
Vanguard Investments and $20.00 Miscellaneous : Fees with a Memo of "wire
transfer fee". And so it goes.

Pop back if this doesn't make sense. Or play with it and then pop back.

Oh, and turn off all of the Essential stuff. It's just training wheels. At
best.

"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:C07A702A-4E19-4AA1-9C5C-64678B00DD4C@microsoft.com...
> Ordinarily, at the bank I transfer money from Check1 to Check2; VISA; etc.
> How do I categorize a transfer from Check1 to Check2 so that it doesn't
> appear in reports as an extra expense and income (in the Check2 acc't).
> It balances but, for example in Reports it shows that I'm spending twice
> on
> the mortgage than I actually am. Actually, a bit more as I generally
> transfer a few dollars more to cover fees and to maintain a small balance
> in
> check2.

Dick
Tue Apr 29 19:18:58 CDT 2008

DELETE the Expense Category "Credit Card Payments / Transfers".

"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:eQIdxdlqIHA.2520@TK2MSFTNGP02.phx.gbl...
> Use Advanced Register and the Transfer "special category" of transaction.
> Transfer takes a "subcategory" of the other account in the transaction and
> shows up in both registers. Transfer is neither Income nor Expense so it
> doesn't look like Spending. So, you would put a transaction of category
> Transfer : Checking2 in the Checking1 account register. The same thing is
> true for Transfer : VISA Account in the Checking2 register when paying the
> VISA Account. Transfer is VERY HANDY. You will use it A LOT.
>
> Along the same lines, DELETE the Expense Category "Credit Card Payments /
> Transfer". It is useless and is just there to confuse savvy users like
> yourself and confuse the meaning of the much more useful Special Category
> Transfer.
>
> If you are looking in the Category pull-down, look at the very bottom
> under Special Categories.
>
> As to your case with fees, again, in Advanced Register, you can "split" a
> transaction into multiple components. Say you could enter a $1020.00
> transaction in Checking1 that was "split" into a $1,000.00 Transfer :
> Vanguard Investments and $20.00 Miscellaneous : Fees with a Memo of "wire
> transfer fee". And so it goes.
>
> Pop back if this doesn't make sense. Or play with it and then pop back.
>
> Oh, and turn off all of the Essential stuff. It's just training wheels. At
> best.
>
> "Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
> news:C07A702A-4E19-4AA1-9C5C-64678B00DD4C@microsoft.com...
>> Ordinarily, at the bank I transfer money from Check1 to Check2; VISA;
>> etc.
>> How do I categorize a transfer from Check1 to Check2 so that it doesn't
>> appear in reports as an extra expense and income (in the Check2 acc't).
>> It balances but, for example in Reports it shows that I'm spending twice
>> on
>> the mortgage than I actually am. Actually, a bit more as I generally
>> transfer a few dollars more to cover fees and to maintain a small balance
>> in
>> check2.
>
>

Miguel29
Tue Apr 29 20:17:00 CDT 2008

Okay. I've read about and found the "special category" area. So that's the
way to go, huh? Seems to make sense as this is my second go around with this
product (the first was with M Ess (I get the "special" abbreviation now)).
Now, how do I categorize the corresponding "income" (not really income; it's
a transfer) in the other account? Will Money somehow connect the dots?

Also, I'd thought that the "Credit Card Payments/Transfer" category might be
good for exactly what it alludes to... you say no, huh?

Thanks for the help. Now cover me... I'm going back in. ;)
Seriously, thank you for the quick reply!

"Dick Watson" wrote:

> Use Advanced Register and the Transfer "special category" of transaction.
> Transfer takes a "subcategory" of the other account in the transaction and
> shows up in both registers. Transfer is neither Income nor Expense so it
> doesn't look like Spending. So, you would put a transaction of category
> Transfer : Checking2 in the Checking1 account register. The same thing is
> true for Transfer : VISA Account in the Checking2 register when paying the
> VISA Account. Transfer is VERY HANDY. You will use it A LOT.
>
> Along the same lines, DELETE the Expense Category "Credit Card Payments /
> Transfer". It is useless and is just there to confuse savvy users like
> yourself and confuse the meaning of the much more useful Special Category
> Transfer.
>
> If you are looking in the Category pull-down, look at the very bottom under
> Special Categories.
>
> As to your case with fees, again, in Advanced Register, you can "split" a
> transaction into multiple components. Say you could enter a $1020.00
> transaction in Checking1 that was "split" into a $1,000.00 Transfer :
> Vanguard Investments and $20.00 Miscellaneous : Fees with a Memo of "wire
> transfer fee". And so it goes.
>
> Pop back if this doesn't make sense. Or play with it and then pop back.
>
> Oh, and turn off all of the Essential stuff. It's just training wheels. At
> best.
>
> "Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
> news:C07A702A-4E19-4AA1-9C5C-64678B00DD4C@microsoft.com...
> > Ordinarily, at the bank I transfer money from Check1 to Check2; VISA; etc.
> > How do I categorize a transfer from Check1 to Check2 so that it doesn't
> > appear in reports as an extra expense and income (in the Check2 acc't).
> > It balances but, for example in Reports it shows that I'm spending twice
> > on
> > the mortgage than I actually am. Actually, a bit more as I generally
> > transfer a few dollars more to cover fees and to maintain a small balance
> > in
> > check2.
>
>
>

Miguel29
Tue Apr 29 20:26:00 CDT 2008

er... one more quick question: If I "accept" a transaction in one account is
that it? It's written in stone and cannot be undone? I'm using the Advanced
register.

"Miguel29" wrote:

> Okay. I've read about and found the "special category" area. So that's the
> way to go, huh? Seems to make sense as this is my second go around with this
> product (the first was with M Ess (I get the "special" abbreviation now)).
> Now, how do I categorize the corresponding "income" (not really income; it's
> a transfer) in the other account? Will Money somehow connect the dots?
>
> Also, I'd thought that the "Credit Card Payments/Transfer" category might be
> good for exactly what it alludes to... you say no, huh?
>
> Thanks for the help. Now cover me... I'm going back in. ;)
> Seriously, thank you for the quick reply!
>
> "Dick Watson" wrote:
>
> > Use Advanced Register and the Transfer "special category" of transaction.
> > Transfer takes a "subcategory" of the other account in the transaction and
> > shows up in both registers. Transfer is neither Income nor Expense so it
> > doesn't look like Spending. So, you would put a transaction of category
> > Transfer : Checking2 in the Checking1 account register. The same thing is
> > true for Transfer : VISA Account in the Checking2 register when paying the
> > VISA Account. Transfer is VERY HANDY. You will use it A LOT.
> >
> > Along the same lines, DELETE the Expense Category "Credit Card Payments /
> > Transfer". It is useless and is just there to confuse savvy users like
> > yourself and confuse the meaning of the much more useful Special Category
> > Transfer.
> >
> > If you are looking in the Category pull-down, look at the very bottom under
> > Special Categories.
> >
> > As to your case with fees, again, in Advanced Register, you can "split" a
> > transaction into multiple components. Say you could enter a $1020.00
> > transaction in Checking1 that was "split" into a $1,000.00 Transfer :
> > Vanguard Investments and $20.00 Miscellaneous : Fees with a Memo of "wire
> > transfer fee". And so it goes.
> >
> > Pop back if this doesn't make sense. Or play with it and then pop back.
> >
> > Oh, and turn off all of the Essential stuff. It's just training wheels. At
> > best.
> >
> > "Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
> > news:C07A702A-4E19-4AA1-9C5C-64678B00DD4C@microsoft.com...
> > > Ordinarily, at the bank I transfer money from Check1 to Check2; VISA; etc.
> > > How do I categorize a transfer from Check1 to Check2 so that it doesn't
> > > appear in reports as an extra expense and income (in the Check2 acc't).
> > > It balances but, for example in Reports it shows that I'm spending twice
> > > on
> > > the mortgage than I actually am. Actually, a bit more as I generally
> > > transfer a few dollars more to cover fees and to maintain a small balance
> > > in
> > > check2.
> >
> >
> >

Steve
Tue Apr 29 21:23:54 CDT 2008

=?Utf-8?B?TWlndWVsMjk=?= <Miguel29@discussions.microsoft.com> wrote on
29 Apr 2008 in group microsoft.public.money:

> Okay. I've read about and found the "special category" area. So
> that's the way to go, huh? Seems to make sense as this is my second
> go around with this product (the first was with M Ess (I get the
> "special" abbreviation now)). Now, how do I categorize the
> corresponding "income" (not really income; it's a transfer) in the
> other account? Will Money somehow connect the dots?

You don't have to worry about categorizing anything on a transfer. Both
ends of the transaction are marked "transfer" and ignored in reports
unless you turn on the option.

> Also, I'd thought that the "Credit Card Payments/Transfer" category
> might be good for exactly what it alludes to... you say no, huh?

"Credit Card Payments/Transfer", as far as I can figure out, is for
people who don't want to categorize much of anything--in which case why
are they using Money?

Here's how you categorize things with a credit card:
1. Go out to dinner. Spend $100. (Take me with you next time!)
2. Pay with your Discover card.
3. Enter a Purchase transaction of $100 in your Discover account.
Categorize it as Food:Dining Out.
4. When the bill comes, write a check. Categorize the check as
Transfer:Discover.
5. Later on, pay your water bill. Categorize the check as
Utilities:Water.

When you run reports, the purchase transaction in the Discover account
and checking account will show up, but not the ones marked as transfers.
--
Steve B.
New Life Home Improvement

Steve
Tue Apr 29 21:27:51 CDT 2008

=?Utf-8?B?TWlndWVsMjk=?= <Miguel29@discussions.microsoft.com> wrote on
29 Apr 2008 in group microsoft.public.money:

> er... one more quick question: If I "accept" a transaction in one
> account is that it? It's written in stone and cannot be undone? I'm
> using the Advanced register.

Accept just means you acknowledge the transaction downloaded from the
bank. It's a flag so you have a chance to match it with your manually-
entered transaction. You can make any change you want to it later.

Best practice is to enter your transactions manually as you make them,
getting all the settings just right. When you download from the bank,
Money will match the downloaded data with what you've entered manually. If
Money did it right, you just click "Accept". If Money got it wrong, you
choose the Modify option, find the right transaction, then go back and
Accept it.
--
Steve B.
New Life Home Improvement

Miguel29
Tue Apr 29 21:54:05 CDT 2008

Ah! Okay, that helps clear up a few things I was on the verge of wondering
about. Thanks for chiming in!
Another question that's been looming though, how do I categorize the payment
from my Discover account? This'd be the one that Discover actually takes.
Wouldn't that be the "Credit Card Payment/Transfer" category that I've so
carefully NOT used yet (so that I can delete it)?

Thanks for the reply.

"Steve" wrote:

> =?Utf-8?B?TWlndWVsMjk=?= <Miguel29@discussions.microsoft.com> wrote on
> 29 Apr 2008 in group microsoft.public.money:
>
> > Okay. I've read about and found the "special category" area. So
> > that's the way to go, huh? Seems to make sense as this is my second
> > go around with this product (the first was with M Ess (I get the
> > "special" abbreviation now)). Now, how do I categorize the
> > corresponding "income" (not really income; it's a transfer) in the
> > other account? Will Money somehow connect the dots?
>
> You don't have to worry about categorizing anything on a transfer. Both
> ends of the transaction are marked "transfer" and ignored in reports
> unless you turn on the option.
>
> > Also, I'd thought that the "Credit Card Payments/Transfer" category
> > might be good for exactly what it alludes to... you say no, huh?
>
> "Credit Card Payments/Transfer", as far as I can figure out, is for
> people who don't want to categorize much of anything--in which case why
> are they using Money?
>
> Here's how you categorize things with a credit card:
> 1. Go out to dinner. Spend $100. (Take me with you next time!)
> 2. Pay with your Discover card.
> 3. Enter a Purchase transaction of $100 in your Discover account.
> Categorize it as Food:Dining Out.
> 4. When the bill comes, write a check. Categorize the check as
> Transfer:Discover.
> 5. Later on, pay your water bill. Categorize the check as
> Utilities:Water.
>
> When you run reports, the purchase transaction in the Discover account
> and checking account will show up, but not the ones marked as transfers.
> --
> Steve B.
> New Life Home Improvement
>

Dick
Tue Apr 29 22:11:14 CDT 2008

"Credit Card Payments / Transfers" is an EXPENSE category. It doesn't show
up in both accounts. It reports as an Expense. It's really only "useful" in
the context of Essential Register--recommended AGAINST--and even then it
create the problem that you cam here asking about in the first place. 1) It
doesn't show in both accounts, 2) It shows as an expense, thus double
counting your expense and masking where they really occur.

When you say the payment is the one Discover actually takes--like from your
Checking? As a Transfer : Discover in Checking. In Checking it will show as
a withdrawal. This will show up in Discover as a Transfer : Checking. In
Discover it will show up as a Credit. You can also enter it as a credit
amount in Discover with a category Transfer : Checking. You will get the
exact same good result.

"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:1DD24062-33EA-4D15-834B-B99D352CD6C2@microsoft.com...
> Ah! Okay, that helps clear up a few things I was on the verge of
> wondering
> about. Thanks for chiming in!
> Another question that's been looming though, how do I categorize the
> payment
> from my Discover account? This'd be the one that Discover actually takes.
> Wouldn't that be the "Credit Card Payment/Transfer" category that I've so
> carefully NOT used yet (so that I can delete it)?

Dick
Tue Apr 29 22:15:57 CDT 2008

Inline below...

"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:235C865F-1C19-4B7E-9B1F-28912163B25D@microsoft.com...
> Okay. I've read about and found the "special category" area. So that's
> the
> way to go, huh? Seems to make sense as this is my second go around with
> this
> product (the first was with M Ess (I get the "special" abbreviation now)).
> Now, how do I categorize the corresponding "income" (not really income;
> it's
> a transfer) in the other account? Will Money somehow connect the dots?

Yes. Exactly the reason it exists. It's not incom in the receiving account.
It isn't an Expense in the sending account. It's just, well, a Transfer.

> Also, I'd thought that the "Credit Card Payments/Transfer" category might
> be
> good for exactly what it alludes to... you say no, huh?

No. Exactly! Unmitigated evil. Delete it. It just hides the real reason
Transfer exists. Note that the other Special Category "Credit Card Payment"
performs in almost every regard EXACTLY LIKE the more normative Transfer. If
you just settle on Transfer you WILL NOT GO WRONG. If you use "Credit Card
Payments / Transfers" you will have to enter twice as many transactions in
the relevant cases and your reporting will be much less useful.

Dick
Tue Apr 29 22:17:40 CDT 2008

Re. "accept", what Steve said.

I do NOT download transaction data. Too much pain. Imperceptibly little
gain. YMMV.

"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:7D63EB56-9BA1-4638-A04E-0716C48A338D@microsoft.com...
> er... one more quick question: If I "accept" a transaction in one account
> is
> that it? It's written in stone and cannot be undone? I'm using the
> Advanced
> register.

Miguel29
Tue Apr 29 23:21:15 CDT 2008

Okay, good. So far it's working just as you describe except when I go to my
Visa/Discover account(s) and try to categorize the payment. NOW when I enter
one of the "Special" categories (And my credit Card accounts are there ripe
for the picking, just as if I'd entered them as "Payees" (which I did not,
just set up the accounts is all) I get a popup window saying that "You cannot
transer money from an account to itself."
This leads me to believe that I should either create an expense category for
CC payments or choose an existing. Hmmmm

So far neither you nor Steve has led me wrong but this is a dillema for me.
The default category for a Credit Card payment is a kinda greyed out
"category". Do I need to create something here?

"Dick Watson" wrote:

> Inline below...
>
> "Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
> news:235C865F-1C19-4B7E-9B1F-28912163B25D@microsoft.com...
> > Okay. I've read about and found the "special category" area. So that's
> > the
> > way to go, huh? Seems to make sense as this is my second go around with
> > this
> > product (the first was with M Ess (I get the "special" abbreviation now)).
> > Now, how do I categorize the corresponding "income" (not really income;
> > it's
> > a transfer) in the other account? Will Money somehow connect the dots?
>
> Yes. Exactly the reason it exists. It's not incom in the receiving account.
> It isn't an Expense in the sending account. It's just, well, a Transfer.
>
> > Also, I'd thought that the "Credit Card Payments/Transfer" category might
> > be
> > good for exactly what it alludes to... you say no, huh?
>
> No. Exactly! Unmitigated evil. Delete it. It just hides the real reason
> Transfer exists. Note that the other Special Category "Credit Card Payment"
> performs in almost every regard EXACTLY LIKE the more normative Transfer. If
> you just settle on Transfer you WILL NOT GO WRONG. If you use "Credit Card
> Payments / Transfers" you will have to enter twice as many transactions in
> the relevant cases and your reporting will be much less useful.
>
>

Steve
Tue Apr 29 23:44:21 CDT 2008

=?Utf-8?B?TWlndWVsMjk=?= <Miguel29@discussions.microsoft.com> wrote on
29 Apr 2008 in group microsoft.public.money:

> Okay, good. So far it's working just as you describe except when I
> go to my Visa/Discover account(s) and try to categorize the payment.
> NOW when I enter one of the "Special" categories (And my credit Card
> accounts are there ripe for the picking, just as if I'd entered them
> as "Payees" (which I did not, just set up the accounts is all) I get
> a popup window saying that "You cannot transer money from an account
> to itself." This leads me to believe that I should either create an
> expense category for CC payments or choose an existing. Hmmmm
>
> So far neither you nor Steve has led me wrong but this is a dillema
> for me. The default category for a Credit Card payment is a kinda
> greyed out "category". Do I need to create something here?

You create the transfer from your checking account.
From: Checking
To: Discover

When you look in your Discover account, you'll find the transfer is
already there. If you right-click on the transfer, you'll be given the
option to go to the account that has the other half of the transaction
(just to prove to you that Money does it right).
--
Steve B.
New Life Home Improvement

Dick
Wed Apr 30 07:07:17 CDT 2008

If you are entering the payment in the "receiving" account, you need to
enter Transfer : [the account the money is coming from] and put the value in
as a deposit or credit.

"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:0C4A23A7-FC2F-4ED0-BC52-BF62EAFD04F0@microsoft.com...
> Okay, good. So far it's working just as you describe except when I go to
> my
> Visa/Discover account(s) and try to categorize the payment. NOW when I
> enter
> one of the "Special" categories (And my credit Card accounts are there
> ripe
> for the picking, just as if I'd entered them as "Payees" (which I did not,
> just set up the accounts is all) I get a popup window saying that "You
> cannot
> transer money from an account to itself."

Dick
Wed Apr 30 07:13:42 CDT 2008

I suspect that is because the one really odd thing about "Credit Card
Payment" is that it only ever shows up in the "paying" account. Even if you
use it, (i.e., enter Credit Card Payment : Discover in Checking1,) It will
show up in the Discover account register as Transfer :Checking. This is one
of the reasons I recommend just sticking with Transfer. You can enter it in
either account and specify the other account. Whether you specify the amount
as withdrawal or debit, deposit or credit (or positive or negative if you
are in a split, say) determines the direction of the transfer.

"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:0C4A23A7-FC2F-4ED0-BC52-BF62EAFD04F0@microsoft.com...
> The default category for a Credit Card payment is a kinda greyed out
> "category". Do I need to create something here?

Zandex
Wed Apr 30 07:30:01 CDT 2008

Personally speaking, I finally understood it! Thanks very much..This thing
has been killing me for months..now I have the hard work of going over all
those transaction and making the necessary adjustments.

"Dick Watson" wrote:

> I suspect that is because the one really odd thing about "Credit Card
> Payment" is that it only ever shows up in the "paying" account. Even if you
> use it, (i.e., enter Credit Card Payment : Discover in Checking1,) It will
> show up in the Discover account register as Transfer :Checking. This is one
> of the reasons I recommend just sticking with Transfer. You can enter it in
> either account and specify the other account. Whether you specify the amount
> as withdrawal or debit, deposit or credit (or positive or negative if you
> are in a split, say) determines the direction of the transfer.
>
> "Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
> news:0C4A23A7-FC2F-4ED0-BC52-BF62EAFD04F0@microsoft.com...
> > The default category for a Credit Card payment is a kinda greyed out
> > "category". Do I need to create something here?
>
>
>

Taylor
Wed Apr 30 08:39:19 CDT 2008


"Miguel29" <Miguel29@discussions.microsoft.com> wrote in message
news:C07A702A-4E19-4AA1-9C5C-64678B00DD4C@microsoft.com...
> I'm in the process of setting up Money+ Deluxe for the first time. So far
> so
> good considering I'm a newbie to using any kind of personal finance
> software
> and thick as a brick when it comes to accounting. So please bear with me
> and
> please type slowly...
>
> I have two separate chequing accounts at my bank with one set up
> specifically for me to dump money into and to have mortgage payments
> automatically withdrawn from. I've been doing this for years at my bank
> and
> I've setup the same accounts in Money the same way. ie: check1 & check2
> I have all transactions to date from Jan of this year entered and am
> currently in the ~tedious~ process of going through each transaction
> verifying against my bank statements and assigning to categories. I've
> "accepted" the transactions once they're complete but haven't reconciled
> anything yet as some transactions really have me stymied as to how to
> categorize them so that they don't throw my reports out of whack.
>
> Ordinarily, at the bank I transfer money from Check1 to Check2; VISA; etc.
> How do I categorize a transfer from Check1 to Check2 so that it doesn't
> appear in reports as an extra expense and income (in the Check2 acc't).
> It balances but, for example in Reports it shows that I'm spending twice
> on
> the mortgage than I actually am. Actually, a bit more as I generally
> transfer a few dollars more to cover fees and to maintain a small balance
> in
> check2.
>
> I realize that this may be more of an accounting question than one for
> this
> forum but any help would be greatly appreciated.
>
> TIA!

Transfers between accounts uses the built-in transfers category.

The bigger question is: why do you use 2 accounts when 1 will do? It is
more work, more prone to errors, and more complicated.

You should just have 1 checking account and pay all your bills from there.
There is no reason to have 2 accounts. With 1 account, your issues are
moot.

Dick
Wed Apr 30 21:22:55 CDT 2008

I don't think having two checking accounts was much of the source of the
posting. The core question was, regardless of the number of checking
accounts, how to account for moving money between Accounts in Money. Even
just one checking account and one credit card account modeled in Money lead
to this question.

"Taylor" <taylor@nospam2me.com> wrote in message
news:zb6dnTF7Uaga64XVnZ2dnUVZ_h2pnZ2d@comcast.com...
> The bigger question is: why do you use 2 accounts when 1 will do? It is
> more work, more prone to errors, and more complicated.
>
> You should just have 1 checking account and pay all your bills from there.
> There is no reason to have 2 accounts. With 1 account, your issues are
> moot.

Taylor
Thu May 01 09:07:44 CDT 2008


"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:ONVtMKzqIHA.1872@TK2MSFTNGP04.phx.gbl...
>I don't think having two checking accounts was much of the source of the
>posting. The core question was, regardless of the number of checking
>accounts, how to account for moving money between Accounts in Money. Even
>just one checking account and one credit card account modeled in Money lead
>to this question.
>
> "Taylor" <taylor@nospam2me.com> wrote in message
> news:zb6dnTF7Uaga64XVnZ2dnUVZ_h2pnZ2d@comcast.com...
>> The bigger question is: why do you use 2 accounts when 1 will do? It is
>> more work, more prone to errors, and more complicated.
>>
>> You should just have 1 checking account and pay all your bills from
>> there. There is no reason to have 2 accounts. With 1 account, your
>> issues are moot.
>
>

Money has 2 built-in ways to transfer money. Set up a transfer in
categories, or use a Transfer (as opposed to Deposit or Withdrawal). When
you set up a liability account, and make a payment to it, Money
automatically makes it a transfer.

Miguel29
Thu May 01 19:33:12 CDT 2008



"Taylor" wrote:

>
> "Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
> message news:ONVtMKzqIHA.1872@TK2MSFTNGP04.phx.gbl...
> >I don't think having two checking accounts was much of the source of the
> >posting. The core question was, regardless of the number of checking
> >accounts, how to account for moving money between Accounts in Money. Even
> >just one checking account and one credit card account modeled in Money lead
> >to this question.
> >
> > "Taylor" <taylor@nospam2me.com> wrote in message
> > news:zb6dnTF7Uaga64XVnZ2dnUVZ_h2pnZ2d@comcast.com...
> >> The bigger question is: why do you use 2 accounts when 1 will do? It is
> >> more work, more prone to errors, and more complicated.
> >>
> >> You should just have 1 checking account and pay all your bills from
> >> there. There is no reason to have 2 accounts. With 1 account, your
> >> issues are moot.
> >
> >
>
> Money has 2 built-in ways to transfer money. Set up a transfer in
> categories, or use a Transfer (as opposed to Deposit or Withdrawal). When
> you set up a liability account, and make a payment to it, Money
> automatically makes it a transfer.
>
>
>

Miguel29
Thu May 01 19:42:01 CDT 2008

This post got botched. :(
My apologies. Please disregard

"Miguel29" wrote:

>
>
> "Taylor" wrote:
>
> >
> > "Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
> > message news:ONVtMKzqIHA.1872@TK2MSFTNGP04.phx.gbl...
> > >I don't think having two checking accounts was much of the source of the
> > >posting. The core question was, regardless of the number of checking
> > >accounts, how to account for moving money between Accounts in Money. Even
> > >just one checking account and one credit card account modeled in Money lead
> > >to this question.
> > >
> > > "Taylor" <taylor@nospam2me.com> wrote in message
> > > news:zb6dnTF7Uaga64XVnZ2dnUVZ_h2pnZ2d@comcast.com...
> > >> The bigger question is: why do you use 2 accounts when 1 will do? It is
> > >> more work, more prone to errors, and more complicated.
> > >>
> > >> You should just have 1 checking account and pay all your bills from
> > >> there. There is no reason to have 2 accounts. With 1 account, your
> > >> issues are moot.
> > >
> > >
> >
> > Money has 2 built-in ways to transfer money. Set up a transfer in
> > categories, or use a Transfer (as opposed to Deposit or Withdrawal). When
> > you set up a liability account, and make a payment to it, Money
> > automatically makes it a transfer.
> >
> >
> >