How are you all doing today?
Maybe this is an issue you’ve all have seen before or encountered it yourself and found a fix/solution or a work around.
My problem is when I pay my credit card, the credit card company sends an authorization request/charge toward the card I have on file. After that, my checking card with my bank, sends the funds, which then it’ll be posted as the posted charge. I went into my Tiller Foundation Template and made a category for that, followed by an autocad rule; that way, I will not be confused either.
So, for the authorization charge, it’s always a positive number, which my guess is because you are paying down your debt. However, for the posted charge, it’s a negative number, which makes sense because you are paying money towards the credit card, thus losing that money.
Here is when my dilemma comes into play, on my Monthly Budget Sheet and also affects the Yearly Budget Sheet.
This screenshot is from the Categories sheet.
This screenshot is from the Transactions sheet.
This screenshot is from the Monthly Budget sheet.
This screenshot is from the Yearly Budget sheet.
After I did a bit of research, it looks like a positive number has to be in the actual column and not a negative number, which is what I think is the problem here. However, I’m not sure what I need to do to be honest. I see the posted charge as the negative number and I have no budget amount; plus, it’s hidden from the reports too. I have the authorization set up as the expense, which links to the debt payment group, which is the actual category.
Why is my negative posted charge being pulled in my Monthly/Yearly Budget Sheets? In the budget column, I put, for example $120, and the actual, shows up as -$120 but the available shows up as $240. I did a test, and I am pretty sure it is supposed to equal out to $0.00. Instead, it is $240. Maybe I am overthinking things, but I am trying to make sense of all these; it isn’t working out, though.
What should I do in order to fix the budget? The way it is setup now, it’s reading false. I have two other credit cards and I am pretty sure its reading the same way.
Note: Also, one of the reasons why I have two categories, one for authorization and one for posted charge, is to separate the two items due to my bank and credit card company filing it as a transaction. My intent was to keep one from my budget in its entirety, even though I know I am losing money by paying off my credit card, which results in a positive number against paying my credit card. Maybe I am missing something but please show me the light because I am loving Tiller. I have been telling my friends about it and such.