Credit card issues

2 issues:

1. One of my credit cards shows the balance as positive, the other card shows balance in red, which makes more sense.  On the first, the numbers themselves are okay and are appearing in the correct in/outflow columns, but balance shows in black (this is not a case of overpayment).

2.  Transactions budgeted (e.g. gas for the car) and put on the first credit card and not showing up in the available to pay.  The category is fully budgeted. Why are the funds not showing up?

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  • When your credit card balance is positive in YNAB, it acts like a checking account - you don't owe any money to the credit card company when you make purchases, you're just reducing that positive balance, so no money needs to move to the CC "available to pay" line. 

    If the first credit card is showing up as positive in YNAB and it shouldn't be (there is a balance on the card that you owe in real life), you need to get that straightened out FIRST before you do anything else.

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  • Thank you, yes, that's the situation.  Any clues on how to tackle that?  

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      • jenmas
      • jenmas
      • 12 days ago
      • Reported - view

      Blue Viper is your credit card account positive in real life? If not, you have to fix your account register so that the account balance is accurate. Now, this may cause some grief in your budget once the account is properly reconciled. Because if the current account balance in YNAB is +$500 but actually it should be -$500, that's a $1000 difference in how much is available in your budget.

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    • Blue Viper If a balance is off in any of your accounts, the best way to fix it is to reconcile your account (which you can do in the web app or on an iOS mobile device). When you do, you'll be asked what the actual balance of your account is. If it's a credit card and you owe money, the balance should be negative, so enter a negative number when you note the real cleared balance of the account. You'll be prompted to add a Reconciliation Balance Adjustment to get the balance back to what it should be. :)

      Note that if your credit card is positive and you adjust it to a negative number to correct it, you'll see money leave To Be Budgeted. If To Be Budgeted goes below zero, move money from categories back to To Be Budgeted until it is zero and green again.

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  • Blue Viper said:
    Thank you, yes, that's the situation.  Any clues on how to tackle that?  

    If you're saying that YNAB shows your balance as positive when it should be negative, the first thing you need to do is reconcile your account. Depending on how long you've been using YNAB and whether or not you've ever reconciled, the problem may be as far back as your starting balance (depending on if your starting balance did or did not include pending transactions that did or did not also get added as transactions in YNAB). 

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  • I was able to reconcile the credit card account and the amount that I owe shows in red, so that's good.  However, the second issue continues.  When I use that card to pay for purchases that are fully funded in my monthly budget, those amounts don't show up in the "available for payment" field.  I can budget an amount to the credit card payment, but I shouldn't have to keep doing that, should I?

    Appreciate any help!

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    • Blue Viper While your credit card balance was positive no money moved from spending categories to your Credit Card Payment category. This is because positive cards don't require payments.

      Once the card account was reconciled, though, and the balance became negative, money should have started flowing from your spending categories to your Credit Card Payment category when you budgeted for the expenses.

      The total in your Credit Card Payment category's Available right now is likely to be: any budgeted spending you made after this recent reconciliation minus any payments or returns you've made after this recent reconciliation.

      I suggest taking a look at the Credit Card Activity window to see what's included now if you'd like a more clear understanding.

      This month, assign money directly to the Credit Card Payment category so that the Available balance there can fully cover your credit card balance if you pay in full. Going forward, as long as your credit card has a negative balance, money will move from spending categories to your payment category when you budget for the expenses. :)

      If you still have questions or things aren't working the way I've described in your budget, let us know here, or get in touch though your budget. We're happy to help!

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  • Dela said:
    While your credit card balance was positive no money moved from spending categories to your Credit Card Payment category. This is because positive cards don't require payments.

     Dela, thank you, that just clicked for me!  I will take the steps you indicated and this will (hopefully!) resolve it.  Thanks for your patience.

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