What to label the cash back I get when I make grocery purchases so that it will balance out with my cash spending and not be mislabeled as groceries.

I often shop at my grocery store, pay with my debit card and get cash back during the same transaction. Say I paid $30 for Groceries and got $40 cash back. This transaction appears as Groceries on my transactions page. I split the transaction in two and label the cash back as "Cash & ATM" in the "Uncategorized" section, and I label the rest "Groceries." Later when I manually enter a cash payment for something for $5 and select "automatically deduct this from my last ATM withdrawal" Mint will separate out the $5 from the $40 "Cash & ATM" I got as cash back and label it as Transfer for cash spending, but the remaining $35 is then reclassified as Groceries for some reason, which throws off our accounting of how much we are spending on Groceries. And since the "Cash & ATM" label has been removed with the automatic reclassification, any further cash purchases manually entered with "automatically deduct this from my last ATM withdrawal" won't be deducted from that cash back transaction.

Another way I have tried to handle this is by labeling the cash back part of a transaction as "Transfer for cash spending." Is this the best way to handle it? And then when I manually enter cash transactions I should avoid checking the box that says, "automatically deduct this from my last ATM withdrawal"?

If there is a best or simpler way to handle this, please let me know.

Answer

1 person found this helpful

Sounds like a persistent issue with the "automatically deduct this from my last ATM withdrawal". I've always unchecked that box, because I had no idea what it would do.

You can add the "featurerequest" tag, and you might want to file a direct support (https://mint.lc.intuit.com/announcements/1010965) and show them how this feature interacts with split transactions. They probably designed it for standalone "Cash & ATM" withdrawals and didn't consider how splits should get handled.

Personally, I would use the "Transfer for cash spending" category (as I tend to keep things out of the Uncategorized box), and then I would definitely un-check the "automatically deduct this from my last ATM withdrawal". In fact, I wish that were the default.

Was this answer helpful? Yes No
Default user avatars original
SuperUser

No answers have been posted

More Actions

People come to Mint for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: