Can Money 2005 calculate interest charges with credit accounts?

#7 01-07-2005, 02:01 AM

Nope. (Actually, the DRP can do this, but not in any generally useful way
and certainly not to the point of entering a predicted number.)

"mikeb" <mikeb[at]discussions.microsoft.com> wrote in message
news:9586161C-91E2-4195-9143-17696652B991[at]microsoft.com...
- quote -

> Ok. I will enter each as a charge manually. But there is no way for
> Money
> to estimate the Monthly interest owed like in a Mortgage?

#6 01-06-2005, 07:41 PM

Ok. I will enter each as a charge manually. But there is no way for Money
to estimate the Monthly interest owed like in a Mortgage?

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, mikeb wrote:
> > I am using the Advanced Register. I just don't know if it whouls be a
> > charge. But I will attempt to enter them manually.
> Don't they call it an "interest charge"? You can categorize it as
> Interest. Then you can customize a report to exclude the Interest
> category if you like.
> I think every transaction in a credit card account is either a
> charge or a credit.

#5 01-06-2005, 06:49 PM

It's got to get added to the liability somehow. Typically this is with a
transaction that looks a lot like any other charge.

"mikeb" <mikeb[at]discussions.microsoft.com> wrote in message
news:65EE8B7C-104F-43B8-B025-85323F2705EB[at]microsoft.com...
- quote -

> I am using the Advanced Register. I just don't know if it whouls be a
> charge. But I will attempt to enter them manually.

#4 01-06-2005, 05:49 PM

In microsoft.public.money, mikeb wrote:

- quote -

> I am using the Advanced Register. I just don't know if it whouls be a
> charge. But I will attempt to enter them manually.

Don't they call it an "interest charge"? You can categorize it as
Interest. Then you can customize a report to exclude the Interest
category if you like.

I think every transaction in a credit card account is either a
charge or a credit.

#3 01-06-2005, 05:41 PM

I am using the Advanced Register. I just don't know if it whouls be a
charge. But I will attempt to enter them manually.

"Dick Watson" wrote:

- quote -

> Well, if it's showing up as a charge, what more were you wanting? It should
> get categorized as something like Interest Expense:Other Interest. As to the
> Bills issues, I'm wondering if you are in Essential * mode--if so, I can't
> help much as I don't use M05 in general and won't use Essential * mode in
> specific.
> "mikeb" <mikeb[at]discussions.microsoft.com> wrote in message
> news

9E9363D-8BF0-45B5-A97E-C4F952071E9F[at]microsoft.com...
> > Well, it shows up as a charge, I don't know if that would affect the
> budget
> > planning etc or something else. It isn't a purchase or charge, just a
> > monthly interest.
> > > I can't get the Payment frequency and next payment date to be active
> > either. They are grey'd out.

#2 01-06-2005, 04:53 PM

Well, if it's showing up as a charge, what more were you wanting? It should
get categorized as something like Interest Expense:Other Interest. As to the
Bills issues, I'm wondering if you are in Essential * mode--if so, I can't
help much as I don't use M05 in general and won't use Essential * mode in
specific.

"mikeb" <mikeb[at]discussions.microsoft.com> wrote in message
news

9E9363D-8BF0-45B5-A97E-C4F952071E9F[at]microsoft.com...
- quote -

> Well, it shows up as a charge, I don't know if that would affect the
budget
> planning etc or something else. It isn't a purchase or charge, just a
> monthly interest.
> I can't get the Payment frequency and next payment date to be active
> either. They are grey'd out.

#1 01-06-2005, 04:37 PM

Well, it shows up as a charge, I don't know if that would affect the budget
planning etc or something else. It isn't a purchase or charge, just a
monthly interest.

I can't get the Payment frequency and next payment date to be active
either. They are grey'd out.

"Dick Watson" wrote:

- quote -

> If the bank isn't downloading these transactions, then manual entry would
> seem to be the only other option.
> "mikeb" <mikeb[at]discussions.microsoft.com> wrote in message
> news:94A558D6-274C-485B-B081-C09B871D615C[at]microsoft.com...
> > I have a credit card account and although my bank lists the monthly
> interest
> > charges, M05 only downloads the transactions. Can Money automatically
> take
> > into account for these? My balance is off because it is not adding the
> > monthly interest charges. Do I just need to manually add these each
> month?

01-06-2005, 04:28 PM

If the bank isn't downloading these transactions, then manual entry would
seem to be the only other option.

"mikeb" <mikeb[at]discussions.microsoft.com> wrote in message
news:94A558D6-274C-485B-B081-C09B871D615C[at]microsoft.com...
- quote -

> I have a credit card account and although my bank lists the monthly
interest
> charges, M05 only downloads the transactions. Can Money automatically
take
> into account for these? My balance is off because it is not adding the
> monthly interest charges. Do I just need to manually add these each
month?

#-1 01-06-2005, 04:23 PM

I have a credit card account and although my bank lists the monthly interest
charges, M05 only downloads the transactions. Can Money automatically take
into account for these? My balance is off because it is not adding the
monthly interest charges. Do I just need to manually add these each month?

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