Duplicate Payment Refund on Credit Card

In May I made a duplicate payment on one of my credit cards, which will be refunded to my checking account this month.  The dollars were added back to my credit card balance in May by the cc company, but the cash is not being credited back to my checking account until June.  What is the best way to record this in YNAB?  I have not yet recorded the dollars added back to my cc balance.  Any help is appreciated.

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  • Hi Slate Gray Python !

    Just to make sure I understand things correctly, the funds are being transferred back from your credit card to your checking account, but the two transactions happen to take place in different months? If that's correct, you can still enter the refund as a transfer from your credit card to your checking account, or you can leave them as two separate transactions and categorize them both as Inflow: To Be Budgeted.

    A transaction on a credit card categorized as Inflow: To Be Budgeted adjusts the credit card balance without affecting your spending categories and the refund back to your checking account would be treated as newly gained income.

    Let me know if you have any questions about those options! :)

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    • Faness Thanks!  I will enter as separate transactions so that I can reflect the transactions in the appropriate months.  I wouldn't be able to do that with the transfer option.

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    • Slate Gray Python Sounds good! :)

      Let me know if you have any other questions, or if that gives you any trouble!

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  • 1 yr agoLast active
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