Not familiar with the software but have been playing around with it.
To simplify suppose you have just one checking account ie. BOA and one Visa ie. Chase that you use.
BOA pays rent. electric, cable, etc and also pays the Chase Visa at the end of the month in full. You also take a $100 ATM every month for pocket money.
Chase Visa is used for the supermarket, gas, dining etc.
$100 cash is used for coffee, newspapers whatever.
When you download BOA will be debited for bills and for the amount of the Chase Visa plus the $100.
Chase will show all the transactions and you can categorize them but then the debit is duplicated.
The $100 will show as a debit to BOA and I guess that can be split to categories'.
Seems like it will not balance. Then there's the income part.
Got some ideas but any suggestions?
To simplify suppose you have just one checking account ie. BOA and one Visa ie. Chase that you use.
BOA pays rent. electric, cable, etc and also pays the Chase Visa at the end of the month in full. You also take a $100 ATM every month for pocket money.
Chase Visa is used for the supermarket, gas, dining etc.
$100 cash is used for coffee, newspapers whatever.
When you download BOA will be debited for bills and for the amount of the Chase Visa plus the $100.
Chase will show all the transactions and you can categorize them but then the debit is duplicated.
The $100 will show as a debit to BOA and I guess that can be split to categories'.
Seems like it will not balance. Then there's the income part.
Got some ideas but any suggestions?