YNAB You Need A Budget

[curvenut]

Hi,

How do I handle gas share in YNAB Pro.
I went on a trip with friends and I paid the price with my credit card But
my friend reimbrused me in cash ?


Thanks

[woodnboats]

What I do with things like this, in order to keep both the Budget and the Account(s) correct and reconciled is to enter a split transaction for the expenditure, one part with the appropriate Category (Transportation:Fuel, say) and the reimbursable part WITHOUT A CATEGORY, but a note in the Memo field with the appropriate circumstances detailed.
Then I flag the transaction so I'll know I need to keep an eye on it, in this case for the reimbursement. Then when the reimbursement comes in, I enter that as an inflow into whatever Account (Cash, Checking, Savings etc) I put it in, but with NO CATEGORY!

That keeps it off the Budget coming and going, but allows me to reconcile the Accounts properly.

Kirk

[Patzer]

Jesse discusses this sort of thing in Whiteboard Wednesday for March 3, 2010.

Patzer

[MyMoneyMyWay]

I simply enter the CC transactions into YNAB like any other time I refuel my car. Any reimbursements are deposited into my checking acct and the inflow catagorized into the gas budget.

This allows me to budget my portion of gas and the reimbursement covers the rest. When the CC bill arrives you'll have the full amount to payoff the CC.

I also use this for other portions of my budget. Although my son's cell phone is covered under my plan, he pays his portion of the cell phone bill each month. Once a month we transfer any money he owes from his checking acct to mine. I then enter the inflow into the appropriate catagories to cover any charges.

Gilbert