Income/Expenses Report

[gushoper]

The Income/Expense Report includes "Transfers between accounts". This gives an inflated and incorrect view of ones expenses and needs to be amended. 

Transfers should not show up on the report either as an income or an expense as it is neither. If I make purchases using my Credit Card and subsequently pay off the balance by transferring funds from one of my other deposit accounts, the report correctly shows my spending as expenses but then it also shows my transfer to pay off the credit card as another expense thereby duplicating my actual expenses for the month. 

Please look into this complaint on my behalf and if for some strange reason, you feel that transfers between accounts should be viewed as an expense, perhaps you can include a button or check box that would allow the used to select whether "Transfers" are to be included or excluded from the report. 

Best regards.

[Larrypa]

I have the same problem and I put that credit card payment as  not categorized but still show up as an expense which puts the amount out of whack

[Larrypa]

On 11/27/2017 at 5:47 PM, gushoper said:

The Income/Expense Report includes "Transfers between accounts". This gives an inflated and incorrect view of ones expenses and needs to be amended. 

Transfers should not show up on the report either as an income or an expense as it is neither. If I make purchases using my Credit Card and subsequently pay off the balance by transferring funds from one of my other deposit accounts, the report correctly shows my spending as expenses but then it also shows my transfer to pay off the credit card as another expense thereby duplicating my actual expenses for the month. 

Please look into this complaint on my behalf and if for some strange reason, you feel that transfers between accounts should be viewed as an expense, perhaps you can include a button or check box that would allow the used to select whether "Transfers" are to be included or excluded from the report. 

Best regards.

 

[Larrypa]

Yes they have screwed up on the transfer option. To make difference between income and expense when you do a transfer you have to use a transfer between the two accounts being used one will be an income and the other will be an expense for the same amount so when you do the subtract  income and expense the difference will be correct

 

[Larrypa]

Yes what I have done is to make my credit card as a savings account and when you do a transfer from your regular savings account  to credit card that amount shows up as an expense to your savings and and income to your credit card and this will be correct when you do a report on income/expense.

The totals on upper left on home page will show correct amount

[Larrypa]

disregard the above suggestion as it makes the balance incorrect but instead make sure you use the transfer option on the account.

This will give you an option t\to what account to transfer money to and this will put an income and an expense item and when you do a income/expense this totals will be correct. You will manually have to do the substraction