I've recently changed my accounts to pay me dividends as income rather than reinvest it.
If I get a dividend from, say, a Vanguard mutual fund, the transaction shows up as Dividend Income. When the money is transferred from Vanguard to my savings account, it is also being categorized as income.
How do I control this? Is there something written that helps me out of these swamps?
It looks like you are double reporting the same income, once as Vanguard income, and once again as savings income.
In your Vanguard account, record it as DivX, which means "dividend income transfered to another account." In the Xfer field, enter your savings account.
You didn't say just where you were looking that you saw the "income" being double-counted. I suspect that if you looked more, you'd also see the "income" from the transfer offset by an "expense" of the same amount. Typically, either both halves of a transfer are present, or neither is present.
Virtually all reports, and many displays, allow you to control which, if any, transfers will appear.
On the Advanced tab of most report Customize dialogs is a "Transfers" drop down that allows you to "Exclude all" transfers from the report.
If you need finer tuning than that, leave Advanced > Transfers set to "Include all" (or "Exclude Internal", which excludes opening balances and balance adjustments); then select/de-select the desired "account categories" on the "Categories" tab in the Customize dialog (the "account categories" are at the end of the list).
No, not rude - there were a variety of replies, and I was hoping one or more helped. When I asked the original question, I was inferring that perhaps the money flow out of your investment account might not have been via a transfer. That was the gist of Keith's reply. That the original income has a category assigned but movement of the money to another account should have been via a 'transfer' (ie: an account name in the field, not a category).
Thus, the income really would have been categorized ONCE despite it being moved. Thus, not 'double counted'
And John explained how to avoid seeing these 'internal' transfers in his append.
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