New User - Credit card payments question

I set up all my accounts on YNAB yesterday. 

So my credit card had an initial balance. 

Today I see that as scheduled payment went through to the credit card from checking, so I categorized it as such.

However, now my credit card has a positive balance!!
And YNAB insists that I should budget the amount I paid, which, if I do that, my checking account (or amount to be budgeted) will be off. 

So basically, a payment shows up today, and it should already have been accounted for in the opening balance for the credit cards and the checking accounts. 

How do I fix this issue?

Sorry if it's not clear. I can write up something with numbers if that helps. 

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  • Should I just make a "fresh start"?, but then I am afraid, some other payment or transaction will show up that should be accounted for in the opening balance, but is not, etc. 

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  • Your credit card starting balance needs to be whatever it was prior to the payment (and any other spending you’ve done in the last 24 hours.) 

    Your checking account starting balance needs to be whatever it was prior to the payment (and any other spending you’ve done in the last 24 hours). 

    OR, if the account balances without the payment are accurate for today, just delete this payment and make sure that you are budgeted appropriately for next month’s. You aren’t obligated to keep a transaction in YNAB if it was accounted for in the opening  balance just because it downloaded. 

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  • Thanks, how do I delete the payment then? 

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      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 1 yr ago
      • Reported - view

      Excellent! You were faster than I could iPad type. 

      In the budget, going forward, if you mean to pay your card in full each month, you’ll need to ensure that the amount in the category for that card stays equal and opposite to the balance on that card, to the penny. This means at the outset, you may need to budget to that category. After you budget for the amount on the card initially, YNAB will mostly kepp the category in line tfor you provided you don’t overspend, but there are a few things that can make it get out of whack. I check mine when I get paid. There is a browser add on (the Toolkit) which provides a yellow alert if they have gotten out of sync with each other. 

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  • Figured it out. I deleted them. Although it irks my sense of justice, this feels like the right thing to do here! Thanks for telling me it's okay to do this :)

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      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 1 yr ago
      • 1
      • Reported - view

      Cornflower Blue Cornet And also make sure that right now, your cleared balances on both accounts match the cleared balances at the bank. Now would be a good time to manually enter and budget for any pending transactions in either account, also.

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  • The issue that confuses most people is when the payment is reflected in the starting balance of one account but not the other. When you reconcile the accounts as WordTenor mentioned, you'll find out if there's an issue. You can either adjust the starting balance or let YNAB make a reconciliation adjustment; it's the same endpoint.

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  • Status Answered
  • 1 yr agoLast active
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