Hi Team,
1) I'm trying to understand the rationale behind adding a Visa/Mastercard as an account and giving it a balance.
I'm not aware of any option in real life that your credit card will have a balance. You use your credit card and at a given period in each month, the expenses are substructed from your bank account associated with that credit card.
Here is what I'm trying to achieve so maybe you can guide how to or if it is even possible:
Add my bank account with the current balance and automatically add a monthly salary income to the bank account - Done.
Add two credit cards, MasterCard and Visa, and add expenses under each one of them (so the balance is always negative), and the expenses total amount of each card should be substructed from the bank account.
At the beginning of each month the VISA and MasterCard cards (in this case Accounts) should have a balance of 0 - I cannot achieve that. Currently, each month I see the Visa and MasterCards account balance dropping more and more because each month the negative amount is being added to the new negative amount
2) Now, regarding the Budget, is there a way that I can set a monthly budget balance (each month) so that while I add/edit categories for that month's budget, I can see how much is left from the total budget balance for that month?
I hope I was clear enough, if not, please let me know and I'll try to clarify.
Regards,
Nir.