Income and Expense Reports

[Mark Donchek]

Under "expenses" I have over a dozen items such as groceries, gas, travel, etc. Each transaction under my credit card is associated with one of these expenses. So, every purchase made with that credit card is tied to one of those expenses. The credit card is nested under "liabilities". My checking acct is nested under "assets". When I run the report I get a breakdown of all the expenses associated with each line item from my checking statement but it seems all line items from my credit card statement are lumped under other.  Hope that clarifies. 

Sent from my iPhone

On May 1, 2012, at 5:11 AM, Shokster <ashok.sinha at gmail.com> wrote:

> The way you're doing it, you're lumping all your expenses into one category.
> From what I've understood, you don't have any sub-catogories. In that case,
> it doesn't even make sense to view your Expense break-up. It doesn't matter
> what expense is assinged to credit card spending, and what is assigned to
> cash spending. 
> 
> If you want to plot this lumped Expense, then you'll want to reduce the
> levels of accounts showing in the pie chart. That'll hide the 'Other' and
> the 'individual slices'. You'll then have one massive 'Expense' pie in the
> chart, and the complementary 'Income' pie. 
> 
> If you want a break up of your Income and Expenses, it means you need
> sub-accounts. You'd have to have sub-accounts under 'Expense". I would
> highly recommend this latter approach. How I do it is I have different
> sub-accounts under the main 'Expense' category. Eg. Expense:Gas,
> Expense:Grocery, etc. In my case, the income/expense report turns out
> exactly how you described you wanted it to be. 
> 
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