Transfer from tracking account visible as income in Income vs expence report
I see transfer from tracking account as income in Income vs expence report. I consider this as not correct, as tracking account is in fact my long term savings account, and should not be visible as income. It is just mony "location" change. If for example I decide to transfer from savings 30000$ to checking for a new car, this report will show me an additional income of 30000$.
Any tips on this?
Tracking accounts are not part of your budget. Any transfer from a tracking account to an on-budget account is money entering your budget that wasn't there before and is counted as income. Put your savings account on budget. That's where it belongs and why in order to make it a tracking account you couldn't select Savings as the account type and were forced to select Asset.Reply
This is functioning-as-designed (FAD). A tracking account is considered an "off-budget" account. When you send money to a tracking account it's considered an outflow. When you withdraw money from a tracking account it's considered income.Reply
Hm, ok - I see your point, thanks. I am new to YNAB, just 4 th week. I guess there was a reason why I did put those long term saving to tracking account: I think it was showing too high misleading number in total available budget , and I wanted to see only short therm (total money available for month there).
I will now try to transfer those savings to normal savings budget account. Not sure what would be the best way now, to do it, as there are few transactions already there. I will play and figure it out.
Thank you all for your help, I appreciate that. :-)Reply