Main > Help [Savings counting as income twice in budget]
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support
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Re:Savings counting as income twice in budget
First, you'll want to change the Savings sub-category to an income type instead of expense since you're putting money into it. Then it depends how you want to track it in your budget. If you want to view the expense and the deposit as money spent and money earned, you'll want to create another sub-category for the transfer transaction from your checking account and maybe title it "Transfers". You can then set the transferred from transaction to the expense sub-category and the transfer-to to the deposit sub-category (Savings). The other alternative is to have one Savings sub-category but make sure both the withdrawal transaction from your checking and the deposit transaction to your Savings both have the Savings category selected so they 0 each other out in your budget.
02/07/2013 00:22:43
Gail
User
Savings counting as income twice in budget
I have a Savings subcategory in my budget. I treat it as an expense because the money leaves my checking account. If I enter an account-to-account transfer, the budget category shows -$100 and increases my budget amount instead of showing that I've "spent" that money into my savings account and zeroing out the Total Left column. If I change the Subcategory setting to Income, the Total Left column decreases when I make the transfer but then the money moved from my checking posts as actual new income for a second time. How do I fix this?
