Not sure how to enter this transaction for Amazon Gift Card
I purchased a $40 gift card on Amazon (using my Amazon cc) in order to get a $10 bonus from Amazon. I have a "gift card" account that I use to keep track of various gift cards, but I am not sure how to enter this.
At first I did it as a transfer from my Amazon account to my Gift Card account. This correctly charges it to my Amazon account and increases my GC balance, but puts me $40 overspent, because a transfer does not allow me to put it against a category.
I will be using the $40 for random Amazon purchases and will just record the transaction against the GC account, so I need to have the $40 in there. But I also need to show the $40 charge on my Amazon credit card. I guess I could just enter the $40 against the category I am most likely to use it for on Amazon, but then that means that I will have no record of the specific purchase(s) in YNAB. It's not the end of the world, but I feel like there should be a way to do this and I am just not seeing it.
Along similar lines as @satcook's advice, I would record as a split transaction just to keep things together:
- Net: $40 outflow
- Split 1: $50 outflow transfer to GC account
- Split 2: $10 inflow categorized as TBB
If you're using the stock CC handling, the outflow causes TBB to increase (by $40), which I would immediately move to the CC Payment category.