Available balance doesn't match actual balance
Hello, I have a cash on hand category that is larger than the cash I actually have on hand. I must have made a mistake when I input a transaction at some point. When I try to manually remove the amount to make it match I am left with a surplus in my "to be budgeted" is there any way I can reconcile this?
There are two common ways to handle cash, but you seem to be doing a mix of the two (which doesn't work out very well):
- Create a cash/wallet account. You would not have a "Cash on hand" category. Instead, you categorize purchases to the relevant categories like Fast Food, Gas, Groceries, etc. Cash is simply a payment method, exactly like a debit card, writing a check, or swiping a credit card. This is the most flexible, as you don't record purchases until you actually know when and what category will be impacted.
- Do not have a cash/wallet account. You would have a Cash category (more precisely, "Pending Cash Withdrawal") that records an expense when you withdraw money, reducing that cash category. All subsequent cash purchases are "off-book" (not recorded in YNAB).