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Old 12-25-2004, 09:02 PM
johnbusc@hotmail.com
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Default Re: CD interest question for Money 2005 Deluxe

Gary,

Money treats it as a cash because the "interest" transaction you chose
deposits the earnings into the cash portion of your investment account.
This choice only applies if you instructed your bank to remit the
earnings to you instead of re-investing.

Sounds like what you want is a "reinvest interest" transaction. Just
edit your existing interest transactions from within the investment
side of your account register. Change "interest" in the drop down list
to "reinvest interest".

Regards,
JB

Gary44 wrote:
- quote -

> Hi,
> I'm using Microsoft Money 2005 Deluxe edition on a Windows XP

computer..
> I was able to set up my bank CD's ok, but when I type in the

interest, Money
> treats it as a cash transaction, and doesn't update the balance of

the CD to
> reflect the interest payment.
> The original amount is treated as an investment, but not the interest
> payments.
> A $20,000 CD with an interest of $31.48 paid at the end of the month,

still
> has the balance of $20,000.
> Does anyone have a suggestion?
> Many thanks,
> Gary


  #-1  
Old 12-25-2004, 01:51 PM
Gary44
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Posts: n/a
Default CD interest question for Money 2005 Deluxe

Hi,

I'm using Microsoft Money 2005 Deluxe edition on a Windows XP computer..

I was able to set up my bank CD's ok, but when I type in the interest, Money
treats it as a cash transaction, and doesn't update the balance of the CD to
reflect the interest payment.
The original amount is treated as an investment, but not the interest
payments.

A $20,000 CD with an interest of $31.48 paid at the end of the month, still
has the balance of $20,000.

Does anyone have a suggestion?

Many thanks,

Gary


 

Tags
2005, deluxe, interest, money, question
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