Why does catagorizing "negative" expenses not work


B

BJT

I did catagorize the income as a "negative" expense. That's how I did it on
Yahoo! but for some reason the amount in that catagory still is the same as
it was before I catagorized the income as an expense. I have a bank service
charge of $18 and then I get a $18 credit from the bank. But even though I
catagorized the credit under the same expense catagory I still have $18 show
up for bank service charges in my spending by catagory pie chart.
 
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C

Cal Learner-- MVP

I did catagorize the income as a "negative" expense. That's how I did it on
Yahoo! but for some reason the amount in that catagory still is the same as
it was before I catagorized the income as an expense. I have a bank service
charge of $18 and then I get a $18 credit from the bank. But even though I
catagorized the credit under the same expense catagory I still have $18 show
up for bank service charges in my spending by catagory pie chart.
It does not work in the Spending by Category report for me either,
but it does work when I customize Transactions by Category. Perhaps
Spending is deemed to only be only outgo and ignores the negative
"spending" in the Spending report.
 
K

Kent Riesen

Look at Customize Report, Details, Type and change to "all Types" from
"Payments".

I did catagorize the income as a "negative" expense. That's how I did it on
Yahoo! but for some reason the amount in that catagory still is the same as
it was before I catagorized the income as an expense. I have a bank service
charge of $18 and then I get a $18 credit from the bank. But even though I
catagorized the credit under the same expense catagory I still have $18 show
up for bank service charges in my spending by catagory pie chart.
 
H

harrelsonesq

But then it also shows your salary. Since (thank god) it's the biggest
category, it reduces the spending slices to miniscule slivers. This kind of
wipes out the utility of a Spending Chart, IMO.

I have a LOT more offset gains/losses than an $18 bank charge. Let me
explain. Gambling winnings are taxable income only to the extent that they
exceed losses. I enter winnings as "negative losses," to keep Money from
treating all winnings as income. It works, but not in the Spending Chart.

Doing the Spending Chart in the way described would work only if you entered
your paycheck as "negative living expenses." IMO, anyway.

Susan
 
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C

Cal Learner-- MVP

But then it also shows your salary. Since (thank god) it's the biggest
category, it reduces the spending slices to miniscule slivers. This kind of
wipes out the utility of a Spending Chart, IMO.
To take care of that, Customize by selecting the Category tab, and
then SelectExpenseCategories.
 
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