Balancing problem with Credit Card.

#2 09-09-2004, 08:43 PM

In accounting systems (and in Money) a positive balance on a credit
account indicates what you owe. So, saying you started with a negative
balance (4500) would be telling Money that you currently have 4500 on
deposit with your credit card company. Purchases would then be
subtracted from this balance.

The fix is to enter your beginning balance as a positive number (what
you owe). Then all will be right with the world.

"Crash" <jsteve1109[at]rogers.com> wrote in message news:<H2_%c.285146$UTP.140349[at]twister01.bloor.is.net.cable.rogers.com> ...
- quote -

> I start out with a negative balance ( ex. (4500.00)) and what I notice is
> happening is anytime there is a credit/payment it's making the balance
> larger and when a charge is inputed it's making the balance smaller. I
> tried changing one of the payments by putting it in the negaative
> (ex. -150.00) but money automatically moves it to the charge column then.
> Any ideas howw to fix this as I have about 4 other accounts that the same
> thing is going to happen when I download them.
> Thx in advance.

#1 09-09-2004, 03:08 PM

that did it, THX
"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:d6s0k0510d8n0uag24crqj4hqs5ddlpg96[at]4ax.com...
- quote -

> In microsoft.public.money, Crash wrote:
> > I apologize if this has been covered earrlier, tried doing a search
> > through
> > message for balancing and caame up with nothing, so here goes.
> > > I just got money 2004 and was downloading my balances from my credit caard
> > from the band website. That worked fine but what I noticed is that when I
> > try to reconcile it won't work right.
> > > I start out with a negative balance ( ex. (4500.00)) and what I notice is
> > happening is anytime there is a credit/payment it's making the balance
> > larger and when a charge is inputed it's making the balance smaller.
> With a credit card account, Money considers the balance to be the
> amount you owe. So in the account details, you want to change that
> negative number into a positive number.
> Note that at the bottom of the account register it says
> "You owe ...".
> > I
> > tried changing one of the payments by putting it in the negaative
> > (ex. -150.00) but money automatically moves it to the charge column then.
> > Any ideas howw to fix this as I have about 4 other accounts that the same
> > thing is going to happen when I download them.

09-09-2004, 03:05 PM

In microsoft.public.money, Crash wrote:

- quote -

> I apologize if this has been covered earrlier, tried doing a search through
> message for balancing and caame up with nothing, so here goes.
> I just got money 2004 and was downloading my balances from my credit caard
> from the band website. That worked fine but what I noticed is that when I
> try to reconcile it won't work right.
> I start out with a negative balance ( ex. (4500.00)) and what I notice is
> happening is anytime there is a credit/payment it's making the balance
> larger and when a charge is inputed it's making the balance smaller.

With a credit card account, Money considers the balance to be the
amount you owe. So in the account details, you want to change that
negative number into a positive number.

Note that at the bottom of the account register it says
"You owe ...".

- quote -

> I
> tried changing one of the payments by putting it in the negaative
> (ex. -150.00) but money automatically moves it to the charge column then.
> Any ideas howw to fix this as I have about 4 other accounts that the same
> thing is going to happen when I download them.

#-1 09-09-2004, 02:48 PM

I apologize if this has been covered earrlier, tried doing a search through
message for balancing and caame up with nothing, so here goes.

I just got money 2004 and was downloading my balances from my credit caard
from the band website. That worked fine but what I noticed is that when I
try to reconcile it won't work right.

I start out with a negative balance ( ex. (4500.00)) and what I notice is
happening is anytime there is a credit/payment it's making the balance
larger and when a charge is inputed it's making the balance smaller. I
tried changing one of the payments by putting it in the negaative
(ex. -150.00) but money automatically moves it to the charge column then.
Any ideas howw to fix this as I have about 4 other accounts that the same
thing is going to happen when I download them.

Thx in advance.

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