Missing Inflow category
I can't find "To Be Budgeted" in my transactions categories. It's supposed to be there, right? I have transactions that have used it still in place but I can't add a new one manually. What am I missing?
Hi Gold Thunder !
Tomato Tamale is right - all income should be categorized as Inflow: To Be Budgeted.
There are definitely some things you can do on your end to label the different types of inflows. Below are a few examples.
- Adding some sort of distinction to the Payee (e.g. "Reimbursement") will alert the Income v Expense report that it was not earned income.
- Using the memo field will allow you to easily filter these inflows out.
- The flag feature in YNAB allows you to mark a transaction or group of transactions with a particular color. This is most useful to highlight certain types of transactions that aren’t necessarily the same category, but you could still use it for reimbursements inflows.
So while all inflows will be categorized as "Inflow: To be Budgeted", there are different ways for you to label those inflows and easily filter them out.
Payee (e.g. "Reimbursement") will alert the Income v Expense report that it was not earned income.
Reimbursements should ALWAYS be categorized back to the original category used for the outflow rather than TBB. This cancels the previous spending in reports/averages (it's their spending, not yours, right?) and simplifies the process.
Here's a partially real and related example that I'm unsure of: I send $100 for a fun thing to an Online store using Paypal which, in turn, taps my checking account for the funds. The item is defective and the store subsequently takes the item back for a full refund to Paypal which, 4 days later, returns the money to my checking account.
This is how I see it, with some confusion regarding PayPal mixed in:
Purchase >> Account = Checking, Payee = [Paypal or Online Store? ], Category = [Online Broker (Paypal) or "Fun Things"]?, Outflow $100
Return >> Account = Checking, Payee = [Online Store or Paypal]?, Category = [Online Broker (PayPal) or "Fun Things"]? Inflow $100
Question: How do you handle Paypal in this situation?