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Old 02-07-2005, 04:20 PM
Mark Horn
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Default Re: Liability Account Balance is Wrong

On 2005-02-07, Jeff Martin <no_jmartin[at]ssr-inc.com_spam> wrote:
- quote -

> I made sure it is set to 0% interest. I entered the
> starting balance and entered the 3 payments I've made since it started.
> The problem is, when I enter a payment, the balance in the Balance
> column increases by that payment amount. The "You Owe" amount at the
> bottom is correct, but the balance is wrong.


Interesting problem, but I was unable to recreate it. I created
a dummy liability account using your example. When I enter
a transaction to decrease the amount, both the balances end up
the same. Perhaps its something funky with the version of Money
that you're using. I'm on M04 Deluxe.
  #-1  
Old 02-07-2005, 02:40 PM
Jeff Martin
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Default Liability Account Balance is Wrong

I have a strange problem. I have created a Liability account (Add a New
Account, select Other, select Liability, select Track transactions and
other details. The liability is a court judgement, so there is no
interest charged. I made sure it is set to 0% interest. I entered the
starting balance and entered the 3 payments I've made since it started.
The problem is, when I enter a payment, the balance in the Balance
column increases by that payment amount. The "You Owe" amount at the
bottom is correct, but the balance is wrong. An example...

Starting balance: $100

I enter a payment of $10. The Decrease column has $10 and the Balance
column has $110 (incorrect). The You Owe amount is $90 (correct).

Is this because I created the account 3 months after I started paying on
it? I'm ok with only tracking it going forward if that is a problem.
 

Tags
account, balance, liability, wrong
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