I tried to search but only got a lot of answers regarding credit cards and checkbook balancing, which is not my issue. Maybe I’m not searching the correct terms.
When my pre-tax (401k) contributions are drawn, they go directly into a Schwab account and directly purchase Vanguard 2050. This purchase is imported as a negative number. For instance, let’s say I contribute 2000, it shows up as -2000 on my Transactions sheet under my Schwab account.
There is NO other Transaction documented. This money does not appear in any other account first. It is not “transferred” over to Schwab before the purchase transaction. There is exactly one transaction, a Buy transaction that is -2000.
The issue is that this is INCOME. And it’s POSITIVE INCOME.
I first tried to just mark this as income, but then on my Spending Trends it shows up under the Income section as negative, decreasing my Income and generally messing everything up. Then I tried to mark it as an expense, hoping that the two negatives would cancel out but alas, now it shows up under Expense but is still contributing -2000 to my cashflow rather than +2000.
Relatedly, management fees on this account are pulled as positive numbers whereas expenses in other accounts are pulled as a negative numbers but this is a relatively minor issue in comparison.
What I’d love to be able to do is to reverse the sign of ALL transactions from this one account during the “Fill” step so that the purchase of Vanguard 2050 is +2000 income (which it is) and that Fees would be negative (like the expenses they are).
Failing that, I’m open to suggestions on how to make these pre-tax income and management fees at least display correctly on the Spending Trends and other related sheets.