Final Calculations...

Transfers are merely showing money being moved bwt your accounts. Any entry in Q is considered a transaction. They are neither an income or an expense. Since they are bwt your own accounts, the total should net to zero. You need to find the missing transaction(s) since yours totals $200.

Why are you excluding certain categories and Payees from your report? Your correct income and/or expense totals for the year are based on including the appropriate transactions in your reports.

The Overall total appears to be calculated as Income - Expense (i.e. net income) + Transfers. Again, review your transfer transactions to determine why it does not net to zero because your Net income should be $200 ($350-$150).

Hi Laura,

Thanks for your response. The reason I am excluding certain income and expenses is because sometimes my brother will use my credit card to pay a bill and just give me cash in exchange for the amount of the bill so I don't want to count that as real income or expense since it isn't mine.

What can I do to properly find out what I made and spent this year so far?

That makes sense. I put those in their own special category called Reimbursable expenses. I put both the expense (expense)and the reimbursement (income) so that they net to zero at the end of the year.

That makes sense. I put those in their own special category called Reimbursable expenses. I put both the expense (expense)and the reimbursement (income) so that they net to zero at the end of the year.

I think you are doing it correctly by counting the real income and expense categories. Double check the transfers to make sure you are not incorrectly recording part of the transaction as income. Bank transfers bwt your own accounts should always net to zero if recorded properly.

Hi Laura,

I really don't understand why my balance between account transfers are not $0.00... could it be something in the reporting?

Not a reporting issue. More likely a classification issue. I suspect that you are missing one side of the transaction. It might be one transaction is missing or several offsetting transactions.Chances are you misclassified one side of the transaction. That or something has been incorrectly classified as reimbursable (btdt).

Run a report of all transactions in that account. Dump the report to excel and start deleting the pairs of transactions until you are left with the single transactions. When you are left with the single sided transactions, use the Find tool to locate the other side of the pair. Also, review them to make sure they are really reimbursable expenses. Correct the category on the offsetting transaction. In the end your total Transfer needs to be zero.