Category for Transfer-Like Events

Paddy
Paddy Member ✭✭
My son's car needed parts the other day. I didn't spend the money, ask he paid me back, and want to not have it show up as an expense to me. Napa Auto Parts shows up twice for his car and then he paid me back via Apple Pay. How to I treat that as a non-expense to me so it doesn't show up in my spending report?

Answers

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    There are a few ways you may track these types of events.   The simplest approach is assign the same category for the withdrawal and the deposit transactions.  If you do not want the transactions to appear in a report, you may use a special category, tag, or memo to filter the entries.   If want to track the amount you have lent to your son in a register, you may create an offline account register for the purpose.  When you spend money for son, enter it as a transfer to the account.  When your son pays you back, enter it as a transfer from the account.  As long as the account is included with the other accounts in the report, the transfer will be internal.
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