Checking and Credit Card Categories (Transfer vs Expense)

Hello, I am certain this was asked before, I wanted to use best practices and like to confirm the best approach from the Tiller experts. I pay my credit card from my checking account and then it’s posted on the credit card account. In my categories for credit card payment as transfer, but not sure what category should be for checking. Make it more complicated, I pay my mobile phone via credit card and have that as expense. Input is welcomed and appreciated.

Both accounts categorize as Transfer. Categorize what you paid for within the account that it was charged to. In your example, “mobile” category within the credit card account. Budget sheets will sum up everything correctly to allow you to see where the money goes.

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By using the transfer category for the payment from your checking account to your credit account, the net will be $0.

Example. Payment from Checking to Credit Card (Transfer Category). -$50
Payment applied to Credit Card (Transfer Category) $50
Cell Phone Expense $30

Only $30 will show up on your expenses for the month because the transactions categorized with the transfer category net out to $0

Hope that helps.

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