How to mark cc payment as a transfer not payment
I use my cc for all daily transactions and pay the full amount at the end of the month. I used to be able to state a payment as a transfer from my checking. This worked well because each cc transaction was already accounted for in my budget. Now it is forcing me to list it as a payment and saying I don't have the money budgeted, but I did, it was listed under my budget categories. This is throwing my budget off completely. Why did it change and how do I fix this?
Hi Autumn! Turquoise Horse For payments to a credit card, it's important to choose the right Payee. It sounds like the payee information from your bank might have changed, so we need to make a quick adjustment to the transaction.
The payment will be an outflow in your checking account and an inflow in your credit card account. Whether you imported it or entered it yourself, here's how a credit card payment should look. Let me know how it goes!
No it's not the same, because it's now listed under a "Payment" category in the budget as a negative. When it was a transfer, it didn't put that in a category. If I transfer from my checking to savings, there is no category because you're just moving money from one account to another. It used to do the same thing for credit card accounts and now it is not.
Hmm.... this sounds like what JUST happened to me the other day. For some reason the payment that I made to my credit card did not get deducted from the credit card where the money was actually available.
This is when I really wish that there was an undo button that would allow you to go back several steps to watch what happened in the budget. Frequently I enter lists of transactions all at once before going back to my budget screen, and when I find that something is wrong when I get there I can't tell which transaction it was that messed it up.