Using the same Payee for Credit Card & Bank Account?

Cal Learner · Joined: 02 Aug 2007 Posts: 534

In microsoft.public.moneycentral, Andy Leese wrote:

>I am running Microsoft Money 2005:
>
>I have a Current account and a Credit Card account with HSBC. I therefore
>have a Payee 'HSBC Bank plc', which I enter in the 'Pay To' text box when
>entering a transaction going from my Current account to my Credit Card
>account. I also use exactly the same Payee to enter Interest payments in
>various different accounts.
>
>Is it normal to use the same Payee for many different purposes? Is there a
>standard way of organising this... Would it be usual to split all the
>Payee's into HSBC Credit Card (for all credit card payments and interest)
>and HSBC Bank plc for Interest payments and possible Bank services and
>charges?
>
>I want to try and create a good structure for organising my Money file and
>would value any advice by the hardened Microsoft Money user.
>
>Kind Thanks
>
>Andy
>

The group for Microsoft Money is microsoft.public.money. If you use
the MS web interface, they call that "Money General".

Archived from group: microsoft>public>moneycentral

Andy Leese · Joined: 02 Aug 2007 Posts: 6

I am running Microsoft Money 2005:

I have a Current account and a Credit Card account with HSBC. I therefore
have a Payee 'HSBC Bank plc', which I enter in the 'Pay To' text box when
entering a transaction going from my Current account to my Credit Card
account. I also use exactly the same Payee to enter Interest payments in
various different accounts.

Is it normal to use the same Payee for many different purposes? Is there a
standard way of organising this... Would it be usual to split all the
Payee's into HSBC Credit Card (for all credit card payments and interest)
and HSBC Bank plc for Interest payments and possible Bank services and
charges?

I want to try and create a good structure for organising my Money file and
would value any advice by the hardened Microsoft Money user.

Kind Thanks

Andy