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#2
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| The account beginning balance is the number that all other transactions are added to to get the running balance in the register. (This may be called starting balance in Account Details, but I thought it was called beginning balance as opposed to the starting balance in the balance account dialog--I can't check here.) There is nothing magic about the date that the beginning balance was current. But every transaction you enter, regardless of date, will add to or subtract from that balance. So, it has to be adjusted to take ALL of these transactions into account. As you note, if you go enter transactions from previous to the account beginning balance, you will have to adjust the account beginning balance accordingly or you will be out of balance at the end. "Charles Blaquière" <blaq[at]blaqzone.com> wrote in message news:%23jghbhqjEHA.2652[at]TK2MSFTNGP15.phx.gbl... - quote - > Dick, so you mean that what Money calls the Starting Balance relates to the > account balance on the first chronological transaction (which can change is > one subsequently enters earlier transactions), as opposed to the account > balance at a fixed date (related to the Starting Balance I entered when > *first* setting up the account)? Thanks, that answers a nagging question I'd > always had. (I set up Money beginning with March 2004 transactions, but was > hoping to eventually enter previous data, once I got everything figured out > and running smoothly.) |
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#1
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| Dick Watson wrote: - quote - > You enter past transactions just like any other. The issue you will
Dick, so you mean that what Money calls the Starting Balance relates to the> need to consider is that transactions are entered in accounts and > accounts have beginning balances that have to be established somehow. > For this reason, what you want to do is **easiest** if you start > with, say, your statement from December and use its balance as the > Money account beginning balance and then enter EVERY subsequent > transaction. > If you want to enter historic transactions selectively, you will have > to do something else--either start the Money account with, say, you > July statement balance, enter transactions after that, then enter > transactions from before that AND adjust the Money account beginning > balance accordingly. Alternatively, you can enter the historic > transactions in an account you create just for the purpose. account balance on the first chronological transaction (which can change is one subsequently enters earlier transactions), as opposed to the account balance at a fixed date (related to the Starting Balance I entered when *first* setting up the account)? Thanks, that answers a nagging question I'd always had. (I set up Money beginning with March 2004 transactions, but was hoping to eventually enter previous data, once I got everything figured out and running smoothly.) |
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| You enter past transactions just like any other. The issue you will need to consider is that transactions are entered in accounts and accounts have beginning balances that have to be established somehow. For this reason, what you want to do is **easiest** if you start with, say, your statement from December and use its balance as the Money account beginning balance and then enter EVERY subsequent transaction. If you want to enter historic transactions selectively, you will have to do something else--either start the Money account with, say, you July statement balance, enter transactions after that, then enter transactions from before that AND adjust the Money account beginning balance accordingly. Alternatively, you can enter the historic transactions in an account you create just for the purpose. "Cindy" <anonymous[at]discussions.microsoft.com> wrote in message news:5fc401c4817d$de9e2de0$a601280a[at]phx.gbl... - quote - > Anyone know how to keep track of old transactions? I.e. > we are just setting up money on our system, but want to be > able to add stuff from Jan 04 to present so we have a way > to track daycare spending, etc. Can this be done? |
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#-1
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| Anyone know how to keep track of old transactions? I.e. we are just setting up money on our system, but want to be able to add stuff from Jan 04 to present so we have a way to track daycare spending, etc. Can this be done? |
| Tags |
| entering, past, transactions |
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