CC Balance Transfer to Pre-YNAB account doesn't update Budget balance owning - help!
I am using the desktop version v4.3.857
I set up a Pre-YNAB account two years ago for an outstanding loan and it created a budget category that has worked well to pay down the debt. Recently I used one of those nifty little checks my credit card company sends out that has a 0% interest rate for the next 9 months to pay-off the balance of the loan. I entered the amount charged to my CC as a 'Transfer to loan' category and the Pre-YNAB loan account balance is now $0, however, the balance in the budget is still showing as owed.
How do I zero out the budgeted category?
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Is the 0% card also a budget account? If so, then you need to reallocate from the 0% card's Pre-YNAB debt (PYD) category to the paid off card's PYD category. That payoff should have been a transfer between those accounts, not a categorized transaction.
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Thanks for the response. Yes, the 0% card is a budget account. I did the transfer between the accounts and the account balances were fine, but the budget still showed the negative amount to be paid. I'm beginning to think I set up something wrong when I set up the loan account two years ago.
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Transfers between 2 on-budget accounts do not change the budget because the money is already budgeted somewhere. So if you want the money to change accounts AND categories you need:
1. a transaction to move money between accounts
2. manually make the change in the budget between the categories as dakinemaui said.
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Ah, I think I've got now. Thanks :-)
