AMEX CC Balance doesn’t match statement
My AMEX CC is synced so it downloads all transactions. It’s been working fine for over a year, however now, the balance that I have showing in my statement does not match the total YNAB Shows me.
I’ve manually been through every transaction for this month and there is nothing missing from YNAB. I don’t understand how it doesn’t match though.
The YNAB account balance should match the current (cleared) balance on the website. This is frequently NOT the statement balance.
If this is not the case, fixing this may require an adjustment transaction. The Reconciling process makes this easy to assess.
A separate consideration is that the CC Payment category Available (listed as a rather ambiguous "Payment" in the account register) should cover the entire account balance if you consider this to be a paid-in-full card.
If this is not the case, you should move funds from elsewhere in the budget into the CC Payment category. If this would leave you short in other obligations, you may be riding the CC float.
I think this may be the same issue I'm dealing with. When it comes to importing my Amex transactions into YNAB my total balance between YNAB and Amex RARELY matches. I then have to comb through every transaction to find one or sometimes multiple transactions that, for whatever reason, didn't import.
Another thing I notice is how the dates of transactions imported into YNAB don't match the dates in Amex. For instance, in my Amex list of transactions I could have say five transactions from June 1st, but after importing into YNAB three transactions will show up dated June 1st and two will either be before or after the 1st. This drives me absolutely insane when trying to manually reconcile. Is this a glitch, or a simple case of "that's just how it is."
I'm not as diligent at importing as I used to be. Sometimes i'll go 2-3 months without importing, and when I finally do, voila...they're wildly mismatched and a surge of anxiety follows because now I have to spend sometime multiple hours going over everything with a fine tooth comb. Dealing with this every time i open YNAB makes want to use the program less and less. What's the deal?
Hey, thanks for responding. There's definitely a few transactions that don't make their way into YNAB after a large import, so I guess i'll have to tweak my habit of importing more often so the issue is easier to catch and fix.
The other issue regarding the dates changing is definitely user error on my part so you can disregard. But thanks for addressing anyway.