How to show a transfer to savings account?

That’s what I am looking for!!! Exactly. Now, for your Bonus Income category, that a category with income and income correct? Also, your transfers from checking(negative number) and into savings(positive number) are both listed as transfer and transfer correct? And if I’m understanding correctly, the Bonus Income category gets hidden in the Category sheet correct? But the transfer category stays not hidden?

Great, glad we’re getting where you want to go with this! :slight_smile:

You could mark transfers on the Categories sheet as a Hide From Reports, definitely. That will exclude them from the Foundation Template sheets and any community templates that respect that (and most should). Personally, I hide transfers, because they don’t really need to be on any reports I run. But there’s no harm in leaving them not hidden unless you just don’t want to see them on any category reports.

I would, if it were me, not hide the Bonus Income, because if it were me, I’d like to track how much that’s accumulating over the course of the year and not hiding it would let me see that easily under the Yearly Budget sheet. I also use the Savings Budget template, which lets me do month-to-month rollover envelope budgeting. If I don’t use all of a budget one month, it builds into the next month. We needed this to ensure that there was money available for several large, predictable recurring expenses such as my bar dues and my wife’s vehicle registration.

I would group both the Paycheck and Bonus Income categories under the Income broad group, personally, but you should definitely do whatever works for you, and it’s totally ok to play with it and see if that’s good or not. You can always revert the sheet back if you need to and you’re on Google Sheets. (It’s harder in Excel, but still perfectly doable.)

Think of the Group column as big buckets of categories. And you can rename groups or add more of them, as well! I have my discretionary income split into two large groups: Fully Discretionary and Semi-Discretionary. My semi-discretionary stuff is things that technically we could go without that month if we had to, but are very important to me and my wife. Our fully discretionary stuff is stuff that we could completely live without. I have a Food group that includes both groceries and eating out budgets.

The type is definitely where you do need to categorize stuff as either Income or Expense (or transfer). These flags are critical for certain calculations that the various sheets do.

So, I would categorize both Paycheck and Bonus Income under the Income group, and I would definitely have the Type as Income for both. You might also add other categories under the Income type for things like say Reimbursements In, Tax Returns, Cash Gigs, Gift Money. You don’t have to include those as Income group items, though. You could group some of those some other way, if you wanted to.

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