Credit card set up for new user - importing prior month transactions?

Hi. I set up my small business and personal budgets and linked accounts as a new user.  My business credit card has a $2100 balance that's due January 4 that I'll pay in full. 

The card's expenses will be considered 2021 expenses even though they were charged in 2020.  But there are no transactions, just an opening balance of $2100 dated Jan 1 2021. 

What's the best way to handle this? Import the December transactions and reconcile before paying in January?  Kind of confused here!  Thank you.

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  • Nope. Just allocate $2100 to the credit card payment category. 

  • If you wanted it to show up in the expense section of the report, you could categorize the starting balance transaction to a relevant category. You might have to change the Payee as well, as YNAB treats the "Starting Balance" payee as special.

    The choice to call these 2021 expenses seems odd to me, but obviously your call. You will face the same problem at the end of every year. I would just back-date the starting balance transaction to 2020 and consider money spent when you swipe the card moving forward. No ongoing issues at year end.

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