Credit Card Payment Available Less Than It Should Be
I'm having a hard time figuring out why my payment available is less than my working balance.
I just paid my statement balance of $4498.79 in full (currently processing and thus uncleared), leaving $335.94 in more recent transactions (also still pending and thus uncleared) for a working balance of the same, $335.94. See image.
I paid the statement in full the prior month too, so there have been no interest or any expenses not budgeted for throughout the last statement. No overspending on any budget category last month or this month thus far. But still there is a discrepancy difference of $110.99. I've looked back since the beginning of my budget and beginning balance on my credit card, which I reset at the start of the year and could not find any transaction that equaled this amount, or any uncategorized transactions that could have added up to this amount.
The way I understand it, the payment available amount should equal my working balance IF my last statement was paid in full and all transactions since then have been properly budgeted for, which IS the case for me.
What am I missing or failing to understand that would explain this $110.99 discrepancy. I don't think I should have to budget that 110.99 difference manually to round out the account balance, when all my transactions are properly budgeted with no overspending in any of their categories.
For your reference, here are the reasons I've found that the credit card account & payment category balances diverge (paid in full cards):
- starting balance on a paid-in-full card - category is lower
- overspending - category is lower
- uncategorized transactions - category is lower
- outgoing transfers to other on-budget accounts (e.g., gift card account, mixed funding splits) - category is lower
- purchase/cash-back rewards (should be categorized to TBB) - category is higher
- categorizing item returns as TBB (should use the original spending category instead) - category is higher
- reconciliation adjustment - category is lower for an outflow adjustment, higher for an inflow adjustment
- taking the account balance positive - category should be $0 in this case
To correct the problem, budget whatever is needed to make them agree. Some of them can also be fixed other ways (e.g., overspending).
Thanks all for the help! I think it must be a combo of a variety of things. I'm new to YNAB (~30 days in) and my credit card months do not match up with a calendar month. Wondering if there was still a starting balance that didn't get budgeted for even though I made a full payment in February. I've also been doing a mix of adding transactions myself on the day I make them and allowing them to post themselves (a few days late). And, I looked through all my transactions for January and February and caught one category of overspending, but not enough to make up for the underpayment difference. I think I'm done trying to figure it out, instead I just budgeted the difference. I'll keep my eye on it closer now, let my transactions post for themselves, and look out for overspending.
Ok...I checked through all my January transactions again for this card, and did find an interest charge for the previous month's rolling balance that was applied to January's statement just after I had paid what was then the full balance on the card. That interest charge amounted to $27.02. I was able to go back and "cover" that spending with money that was still left in another category that hadn't been used yet. That brought the difference to $83.95. I then went through my January budget once more and looked at two categories I knew were overspent, $75 and $8.95, which totaled up to that amount. Allegedly, these categories were overspent on credit according to my YNAB budget, but the transactions themselves that put those categories into "overspent" status were actually with my checking account, not the credit card, hence all my confusion because in reviewing all my credit card transaction all the way back to the starting balance on my budget, every transaction on the credit card (save the interest charge) had been accounted for, categorized, and budgeted for. The $75 transaction was a check for a wellness & medical expense. The $8.95 was also a checking transaction with a debit/checking account card. Why YNAB would state that I overspent those categories by those amounts in credit, when those overspent categories were actually due to checking transactions, I don't know. I had thought these amounts should have just gone red instead of yellow like other categories do when they are overspent with transactions that are exclusively from checking/cash accounts. And I had assumed those transactions would just deduct from my TBB amount the following month in February instead of carrying over into my Credit Card Payment Available amount. Again, the credit card balance as shown in YNAB is right on and not the problem.
So I guess the question is this now:
If I spend X amount of budgeted dollars for a particular category with credit, then overspend that category with a checking transaction, is it intended YNAB behavior for that to affect my amount available for credit card payment rather than my TBB amount with the next wave of income?
I guess in some round about back door way, it makes some sense, as that money still has to be accounted for in some way since it's money that really isn't available for payment if all your other checking/cash funds have been allocated elsewhere in other categories. I just don't remember seeing this situation covered and explained well in the Credit Card support page explaining all the functionality of credit card spending and management with YNAB.
At any rate, rather than equalizing the difference by adding the same amount to my payment budget for the card, I went back in January and covered those checking transactions with money from another savings category, and that balanced the remaining difference between my payment available and current balance on that credit card now.
Thanks to all who responded! And I hope what all I found with my checking transactions will help the others who've replied expressing the same concerns/confusion. I'm still not all sure if it's all working by design, but at least I now found the transactions that fit the math, and have been able to account for them and resolve the difference now. Now my YNAB budget is sailing smooth again. 😎 🙌