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Credit Card - How to set bills

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danfcosta
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Credit Card - How to set bills

Fri Apr 21, 2017 3:28 am
Hi Everybody!

Sorry for my question, but I'm new with KMyMoney.

Until now I'm using a Brazilian software to manage my finances. It has a good set of features, but very very limited in reporting.

Context:
Is very common here (Brazil) we do a installment purchase in credit cards.
For example: Buy something that costs $100 and divide it in 4 installments of $25.
Is this example I have (for now considering that there is no other purchase):
Credit Cart Bill Month 1: $25
Credit Cart Bill Month 2: $25
Credit Cart Bill Month 3: $25
Credit Cart Bill Month 4: $25

Thus, I have two questions:
1) How can I insert a installment purchase (at once)?
2) How can I view separate Credit Card Monthly Bills?

Thanks!
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kbob
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Re: Credit Card - How to set bills

Fri Apr 21, 2017 3:52 am
I simply have different accounts for checking and credit cards.
Enter your $100 cost in your credit card account. Then each month, enter a 'transfer' of $25 between your credit card and checking account, you can even let KMM do it automatically with 'Scheduled transactions'.
For these payments (transfers) I have created a new Payee that I call "Deferred Credit Card", so that I can easily view and track my monthly credit card bills.


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