I’m sure this question has been asked before but looked and didn’t see it. I wanted to do best practice how to handle the categories/type.
Two times a month I transfer 220 dollars on the 15/30th each month from checking to vacation sink fund,
I should have two different entries
Checking to Vacation Savings, type transfer
Vacation from Checking, type expense
I wanted to budget savings as an expense, that is why I’m doing expense,
Second, I struggle if I should hide the checking to vacation from reporting since I already have the vacation savings for reporting?
Do you agree with this logic?
Thanks in advance.