Credit Card payment from an off budgeted account

I made a payment to my Chase Freedom credit card from my Business Checking Account on 2/14/2019, in the amount of $369.00.  My Business account is not on budget with ynab.  I was instructed to make the category “to be budgeted”.  There is now an additional $369.00 in my Chase Freedom account.  I am confused about the additional money being available to pay the Chase Freedom card that I already made a payment on.  Does this make sense?

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  • There isn't an additional $369. That amount accumulated from your budgeting and budgeted purchases. But because you paid the card from an outside source, the card balance decreased, but the amount of cash in your budget accounts reserved to pay the credit card didn't change.

    You can just move the money from the CC payment category to other categories in your budget.

    Is there a reason the account you paid the card from was not in your budget?

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  • nolesrule said:
    You can just move the money from the CC payment category to other categories in your budget.

     Do you intend to pay your business account back? If so, then you need a category for that (it's money leaving the budget), so you should move the money from the CC payment category to whatever category you're going to use for the Business Reimbursement.

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  • BTW, your CC Payment category only has $344.25 "extra". Likely you previously incurred a little overspending and didn't notice it. If you intend this card to be paid-in-full, you cannot move the entire $369 out of that category. (The Payment category on a PIF card matches the account balance.)

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      • nolesrule
      • Stealing From the Future fix is an improvement but is incomplete....
      • nolesrule
      • 2 yrs ago
      • Reported - view

      dakinemaui Good call. I didn't actually look at the screengrab.

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    • dakinemaui I use this card and pay the balance off every month.  The additional money you are referring to will be due on the next billing statement. 

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      • dakinemaui
      • dakinemaui
      • 2 yrs ago
      • 1
      • Reported - view

      Stacey Robinson If the business account paid the CC, then that's $X less that you have to pay. However, your CC Payment category is unchanged. If it was set up as PIF (i.e., category matching the balance), the category will be too high after the payment that came from the business account. Therefore, you need to reduce the Payment category to restore agreement.

      If you intend to pay the business back, that's money leaving this budget, so you would move the "excess" from the CC Payment category to the Business Reimbursement category.

      (I'm assuming this business account is not a part of your personal budget.)

      Like 1
  • Thanks so much for the replies.  They are all very helpful.  Now I understand.  YNAB4 Evangelist, The banking account in which I paid the $369.00 is a business account and I used the wrong credit card when I made the purchase.  

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      • Patzer
      • Retired at age 60. Thank you, YNAB!
      • Patzer
      • 2 yrs ago
      • 1
      • Reported - view

      Stacey Robinson

      Stacey Robinson said:
      The banking account in which I paid the $369.00 is a business account and I used the wrong credit card when I made the purchase.  

       Easy peasy.  Make a category with some snappy name like "Business Expense."  Record the purchase as an outflow to that category, then record the inflow from the business checking account to the same category.  Get it done in the same calendar month, and it nets to zero for the proper lack of impact on your personal budget.  (Crossing a month boundary can introduce complications.)

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    • dakinemaui Patzer but the business checking account is off budget.

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      • Patzer
      • Retired at age 60. Thank you, YNAB!
      • Patzer
      • 2 yrs ago
      • Reported - view

      Stacey Robinson Doesn't matter.  From the budget's perspective, a transfer to/from an off-budget account is the same as an outflow/inflow with no account specified.  It needs a category in the on-budget account, and the off-budget account is just there for informational purposes.

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    • Patzer  Great.  I get it!

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  • This forum is the best every!! I love YNAB.

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