Expense & Payment connector

Expense & Payment connector
kpfamily Aug 3rd, 2010 Can we have this:- I make an expense in July thru Credit card and i make the payment in August thru my debit card. While making a payment entry in August can i connect/refer the expense to the July, this will avoid re-entering the data and duplication of data.
support Aug 3rd, 2010 I am not sure if I understand this right... say you bought something using your credit card for $15 in July, then in August, you make a payment towards your credit card balance and pay $500 (the $500 includes the $15). Now you'd have to link the $500 to the $15 item and other items. That would be difficult I think. There are a few ways to tackle this - I do it this way: I upload my credit card statements (you could also manually enter the items as and when you spend), I upload my bank statement and delete the payment I made towards my credit card. It is easy to find and just 1 or 2 entries for me.
kpfamily Aug 3rd, 2010 Thanks for quick reply, i like the statment upload option. But, without much complexing it, we need to have an option called "Payments" like Expenses and income, this way, when i click payments it can ask for previous month transaction. Example:- I spend(thru Amex credit card) about 100$ in July and want to pay the same amount 100$(thru my Saving account) in the month of August, its simple that i spent in july and i paid the same in August for the same pending so my overall accounting becomes easy. Also coming to the fact tha people uploading there statments, i don't think people will start doing this day one. Due to various reasons. Hope you got my point.

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