Help with CC reconciliation and budget
For some reason my credit card account was not matching, so I added a reconciliation amount. But now the credit card repayment bucket is short by that amount. How should I properly budget for this?
Hi Silver Pegasus ! I'm going to move this over to the Credit Card section of the forum. I’m happy to help get to the bottom of this. There are a few things I'd double check:
- Is the Reconciliation Balance Adjustment categorized as Inflow: To be Budgeted?
- Do you have a category for your card under Credit Card Payments?
- Is this a new card you're adding? Was the starting balance budgeted for?
Thanks. I ended up doing a fresh start. It got so confusing, especially when it started asking me to categorize a new CC payment that I made (!!!), which it shouldn't do, and everything was just spaghetti. If anything goes wrong with transactions in YNAB, especially with credit cards, it's really time consuming to try fix. Not sure if I'll keep using it when my subscription is up...
Silver Pegasus said:
especially when it started asking me to categorize a new CC payment that I made (!!!), which it shouldn't do
One of the drawbacks of importing since it only sees "one side". Just edit the Payee to turn it into a payment/transfer.
Better yet is the recommended process: manually enter the payment and let import match it.