'To be budgeted' should be a budget categoryFebruary 3, 2019 at 1:11am (Edited 3 years ago)
I used this all the time in YNAB. If i pay for something for a friend that they're planning on paying me back for, i don't want to take money from my budgeted categories. So I just set the budget category to "To be budgeted," and when they pay me back, I put the money back in "To be budgeted"
EDIT: I guess the Actual Budget version of this is setting the Budget category to 'Income' and then later putting the money paid back from your friend into the income category. Or maybe I'll make a new income category called 'To Be Reimbursed'...maybe i actually like this better than what I did in YNAB?!?
What do you think about this, James?
February 3, 2019 at 1:25am
I did the exact same thing. Because I don't like any purchases "uncategorized" due to the red warning, I created a new category titled "To be reimbursed". It is nice because it goes negative, does actually reflect that I have less available money, but I can add money into it once I have been paid back. I don't like using Income for this as I want Income to only reflect net increase in my assets.
February 3, 2019 at 3:07pm
If you are coming from YNAB5 and not YNAB4, this is one of the main differences that Actual provides. YNAB5 got rid of "red arrow right" or being able to carry negative balances over to another month in a specific category which made you have to jump through weird hoops to handle a "reimbursement" flow. It makes way more sense to handle it in the way describes... carry the negative balance until you get reimbursed and then apply that money directly to that category or "budget" it once you get paid.
February 4, 2019 at 10:18pm
Yep! You could put it in Income but creating a dedicated category is nice because you can track just that. I also have a "To return" category so my wife and I can see if we ever forgot to return an item
I definitely want to explain these workflows within the app though and "teach" users in a way that makes it clear
February 5, 2019 at 4:19am
February 12, 2019 at 2:12pm
In YNAB, I had an on-budget account called Refundable. If I paid for something I expected to be reimbursed for (business expense, something at the store I will return, lending to a friend), I log it as a transfer from the paying account to the Refundable account. That way, I don't have to worry about what category to put it in. When I get paid back, I log it as a transfer from Refundable back to my real account.
May 27, 2020 at 9:10am
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