Used Cashback to Purchase Item
Hey you guys,
When purchasing an item on Amazon, I accidentally used by cashback rewards to purchase the item and I 'm not sure how to track this spending. I have an category called "shopping" that this transaction would have gone to if I paid with my CC like I intended.
Any ideas or advice you have would be great! Thank you.
If the reward completely covered the purchase, that's a net $0 to your bank account. Record this split in a checking account:
Split 1: outflow $X against Shopping
Split 2: inflow $X as Inflow: To Be Budgeted
If you would instead prefer to record this in your CC account, then by default the new funds will be in the CC Payment category. Feel free to move them elsewhere if you like (and you should if that's already a paid-in-full CC).