… So I used 'Reconcile Account' to bring the numbers back in line. I've gone through each line and verified that the starting balance was correct and that all transactions since then have been entered into YNAB, but it still thinks my balance is different than what shows on my card. I linked the account and was given a starting date. If you have been and still are on the float, just understand that fact and only pay the amount that is green in the credit card payment available category. If you import transactions, many of them will be cleared in YNAB automatically. I use YNAB to handle my finances and while i usually love categorizing purchases on a daily basis I have been completely avoiding this month. 3. Can you let me know what you mean by things going cuckoo? Just click “HOUSING” and type your preferred title. :). Then YNAB should register that you've used $20 of your "Home Supplies" budget on Amazon and take care of allocating that money for paying off your CC. Am I understanding the credit card … Thank you! jenmas yes- screenshots taken this morning from the different months. You create an obligation to pay back the credit card company later. If you look back in previous months, you'll most likely find spending categories with Yellow or Red Available amounts. In Part 2, I dove into the real… You must budget $200 to the credit card payment category in that very first month. This app is not a part of the official You Need A Budget product. But if you are just doing budgeted spending on the card, you shouldn't need to adjust it at all. Hello there, Rai1. :). Double check and edit all pending transactions in YNAB to match the pending transactions in your CC statement. When you checked to make sure all transactions were entered, did you see any that were inverted or for the wrong amount? Or let’s say I prefer to change the budget group currently titled “HOUSING” to “YO MOMMA’S HOUSE.” Easy peasy. Hoping you take a little time to learn the YNAB process, and why you use it. While pending transactions are included in your bank balance online, they won't be included in your account in YNAB until they clear your bank and import (unless you manually enter them). If $245 is not the correct balance, you'll want to reconcile the account, then move money to adjust the Available balance to match the account balance. Any suggestions would be appreciated. Sync your CC account to YNAB and have the web app automatically import any transaction it detects (which you have done). In your case, you didn't raise it enough by the due date, and in some cases, not even by the end of the month following the due date (e.g., Sept 2019). Here is a link to the classes page. Actual balances (which are reflected under the Reconcile Account button) are correct in this area (this is the actual Chase Reserve balance). Some notable features of this app that set it apart from other solutions (such using separate budgets for different currencies, the YNAB Multi-Currency app, or the Currency Converter for YNAB … I like all three. The credit card charge will match my credit card statement and my Wallet will reconcile because the account balance will be reduced accordingly. The transaction for Amazon would require a category for spending, let's say I add it to my personal category called "Home Supplies." My credit card balances are not matching the balances in YNAB and things seem to go absolutely cuckoo when I try to reconcile the account. Since beginning YNAB in 2016, I have always used my credit card like a debit card- paying it off each month. The cards have no balances on them. We also have a few other tips on how to reconcile in our Help Doc. (Is that a word?) Normally I just give a quick glance of payment and account balance matching, but this is a helpful tool to alert you if something has gotten off track if you use the toolkit. As long as I am diligent about adding transactions to YNAB using my phone app, every time the app syncs, YNAB asks me to approve transactions it imports from your CC account. This works great if your reimbursements are on a credit card account. Thanks everybody for the awesome insights! I also see I have one pending transaction on my online Chase account that says $20 for an Amazon purchase. Reconcile the account, making an adjustment transaction if necessary. YNAB considers itself an educational program, instead of just a budgeting program, and I agree. You can click on them and jump to the part you are having trouble with. :). But while most will automatically synchronize your accounts on an ongoing basis, they may not reconcile … 4. A few good starting places are to make sure your transactions are cleared in YNAB (when reconciling, only cleared transactions are factored into the balance) and that all transactions are accounted for (no incorrect amounts, missing transactions, incorrect starting balances, etc.). If the balance in YNAB is $0 and there's funds in the Available category, then you can move money to put those funds where you need them. If you look at your CC statement online, the "current balance," which excludes all pending transactions should match up with your "starting balance" in YNAB. They don't have pending charges. Follow YNAB to get support and lots of great ideas on budgeting. The most recent credit card statement has transactions on it that pre-date the starting balance that shows for that account on YNAB. How to recon with your accounts. You need to keep an eye on that category in real time to make sure that it matches your account balance (but is positive whereas the account balance will be negative) because if it is less than your account balance, then as far as the budget is aware, you have not set aside enough money to pay your credit card off. I'm having the exact same problem. My credit card balances are not matching the balances in YNAB and things seem to go absolutely cuckoo when I try to reconcile the account. EveryDollar. Violet Panther WordTenor is exactly right, I just wanted to include a few links in case you'd like to read them later! Bottom line: since you regard this card as paid-in-full, its Payment category Available should be sufficient to cover the entire account balance. Past is the past. Most budgeting programs are based on looking back, YNAB looks forward, and was just the thing I needed. The payments have cleared. (sad face). paul atreides Thank you for that advice. (a) Current balance for the credit card (including pending transactions) (b) Total of all pending transactions (according to your bank) Subtract (b) from (a), and if that matches YNAB's cleared balance, you're all set to reconcile. I'm just confused about how this works because I never use the credit card payments section - I always just keep it hidden. First, it comes out of the proper category and then it comes out of the credit card payment later...this is confusing to me. The payments have cleared. I also pay off the cards each month and have not had this issue with prior months. If you were trying to make the budgeted column match something, that is likely where your problem began. You've reduced the money in your grocery category right away, but now the money has a new job. This is a separate issue from the CC Payment categories. You can see in the screenshot below I clicked ‘mortgage’ and can change it to ‘rent.’ Or, since I don’t pay HOA dues, I can click the trash can and get rid of that line. In a nutshell, when you start YNAB, you will manually enter your account balances, including credit card balances (the total as of the day you start using YNAB). Then, when it comes time to pay, you pay the card and it reduces the amount you have in the "pay the card back" envelope. In the meantime, there are a few troubleshooting steps that have helped other YNABers bypass similar issues: 1.) You have control over how you classify them too. In budget mode you see the … Reconcile each account to its cleared balance. Because I thought YNAB just did it automatically- and because I never run a debt on my credit card, I've never paid attention to the category. Just wondered how it works with the credit card payments? Also, by starting balance do you mean the "previous balance" on that same statement? Give us a few more details and we'll get things ironed out! It just doesn't make sense to me at all. ‎YNAB—Budget, Personal Finance, Expense Tracker YNAB will help you break the paycheck to paycheck cycle, get out of debt, and save more money. That seems easy enough. Logging into the YNAB … When you pay your card off every month have you been checking that the amount you are paying matches what's in the Credit Card Payment category? This reminded me to turn on the toolkit Paid in Full Credit Card Assist. In other words, do a better job of riding the CC float. The credit card payment budgets are still showing available money to put towards cards that no longer have balances on them. Watch this quick video—and read the descriptions below—to find out why these statuses are so important to reconciliation. When I go back to previous months, I see there are various amounts available in the CCrd category in my budget - both positive and negative. YNAB took $20 from my available grocery money and added $20 as available for the credit card payment. Because I am not overbudgeted, and yet it is saying I am. I would edit my YNAB account to only have two transactions - my "starting balance" and one transaction to Amazon for $20. Then use the "Edit" button at the top and go down the menu to select "Delete" at the bottom. Then I would edit my "starting balance" in YNAB to be $1000. now it’s end of month, when i usually reconcile … Here's a link to our Quick Start Guide to Credit Cards and consider taking our Master Credit Cards with your Budget workshop, if you have the time! We’re running out of reconciliation puns.IMPORTANT! and instead of reflect that amount to be budgeted, it's showing I'm already overbudgeted by $872.17. Annieland - I looked up 'Paid in Full Credit Card Assit' and found this video:https://docs.youneedabudget.com/article/1525-when-you-pay-your-card-in-full. Is it a misalignment with the bank account? Follow YNAB to get support and lots of great ideas on budgeting, https://www.youneedabudget.com/free-workshops/, https://www.youtube.com/watch?v=nQ0-MHav2u8&t=1379s, https://www.youneedabudget.com/video-courses/. The budgeted amounts have nothing to do with the balances on the cards. The one that is $74.26 is correct but the other is off. So the prudent thing to do is to take some cash right then, and put it aside for paying the card back. Should I go back to the beginning and put previous months to zero  - and would that then accuractely reflect what I actually owe on my credit card? This is because these entries are downloaded automatically from your bank. The penny has literally dropped. … and when your YNAB account register matches your bank account statement, you click the “Reconcile Now” button on the top-right corner of the screen in YNAB’s web app: When you click that button, YNAB will ask you if the number in YNAB … Taking a look at your screenshots, I'm slightly confused. Each month, you ha… I just adjusted all of the account balances to be accurate and negative and put the opposite amount in the credit card payments column. The transaction record for my credit card in YNAB reflects the same thing if I add them up by hand; technically, YNAB should have said I owed $773.66. jenmas No I haven't. And then you can just keep any transactions in YNAB that correspond with pending transactions in your CC account online. For accounts connected to online banking, the Service Charge, Interest Earned, and Finance Charge (credit cards) fields do not appear. Especially in situations where you buy a pair of shoes on the 10th, pay the bill on the 15th, and return the shoes on the 18th or if you have a statement credit due to promotional offers or cashing in rewards. 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