Transaction straddling both months

Grrr I know I asked this before but I can't find my previous question so apologies.  This is a question about how to balance out a payment that was made on my credit card in July that will be deducted from my rent on August 1st.  I put the 227.73  payment under "Appliances" in my budget because it was to fix the dryer, but I deduct it from my rent payment (usually $2000 on the 1st).  I want the payment to be made against my credit card so I covered the overspending in the appliance category in July with my TBB from income that I received today (July 31).  I now want to make my rent payment (less the appliance repair cost of 227.23) which will show as $1772.27 for August 1.  I somehow want this all to balance out to zero for the appliance expense (which isn't really mine) and show my regular rent as being paid in August of $2000.  I also want to make my credit card payment in today (in July) so it doesn't increase debt, even though technically I don't get the money back until August with the reduced rent amount.  I don't even know if this makes sense because I have been doing mental gymnastics and can't figure it out.  Any help is appreciated!

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  • Record rent as a split transaction. Net of $1773. Categorize $2000 outflow to Rent and $227 inflow to Appliances.

    Shift funds in the budget from Appliances to anywhere you wish, including the CC Payment category if you haven't already taken care of that.

    • dakinemaui Thanks! If I only pay 1773 for rent out of my bank account, how does the $2000 outflow come about?  Still struggling here ...

      • dakinemaui
      • dakinemaui
      • 5 mths ago
      • 2
      • Reported - view

      Orange Mask There is no actual $2000 outflow. Landlord gets $1773 and doesn't have to fix the dryer.

      The split transaction rectifies things in your records, converting the Appliance outflow (which isn't yours) to appear as Rent (which is yours).

      Like 2
  • Ah ok. Thanks for your help

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