credit card transactions

John Osborne's Avatar

John Osborne

01 Mar, 2024 03:13 AM

What is the best way to categorize credit card payments, so they don't get double counted in reports, etc? I know this was an issue with Quicken not sure if it is with MoneyDance.

My checking account is not showing on the summary tab. I checked and the check box to hide and inactive are not checked. I had 2 checking accounts showing one ended in X with only 1 transaction in it.

  1. 1 Posted by dwg on 01 Mar, 2024 04:50 AM

    dwg's Avatar

    I'm a fellow user.

    Payments between a cheque account and a credit card account will not appear in reports like the Income and expense reports because they are a transfer and these reports only show categories. These transactions will appear in reports intended to show transfers.

    If an account does not appear on the side bar click on the Plus (+) sign at the bottom of the side bar and it will give you a set of dialog Windows you use to add items to the bar

  2. 2 Posted by dtd on 01 Mar, 2024 05:41 AM

    dtd's Avatar

    As for accounts ending with X - that means that Quicken transactions were placed to apply to themselves - something totally not allowed in double entry accounting. (Quicken plays fast and loose with many things).

    For the AccountX account with 1 item, check out the item, find he original account, reassign the transaction to AccountX to a new category (like "Category assigned to self", then delete the empty AccountX account.

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