yes , i have a solution, incurring debt to pay off debt is a long walk off a
short pier... live within your means and only finance durable goods that
increase in value.
"Peter Storkey" <pstorkey[at]smeghead.ca> wrote in message
news:2dlh81p73c335gd3q8g9hd84k3q54j1qlg[at]4ax.com...
- quote -

On Mon, 16 May 2005 13:52:31 -0500, via_newsgroup[at]please.tnx(Cal
Learner-- MVP) wrote:

- quote -

Hi Cal, thanks for the pointers. I deleted the account and re-created
it, just to be sure. I made sure that I didn't enter a negative
starting balance. Once the account was created, everything looked fine
- negative balance in the account list and positive amount owing.

As soon as I downloaded the transactions, it changed to a positive
balance and negative amount owing.

I checked the account settings, and sure enough it had adjusted the
starting balance to a negative figure. Resetting the starting balance
to zero fixed the problem. I guess I should've created the loan
account with a zero starting balance in the first place.

Hopefully it will update correctly next month

Thanks again for the help!

Pete

What is it characterized as now? If Money thinks the deposit was an income
transaction -- free money? -- that might produce what you're seeing.

Susan

"Peter Storkey" <pstorkey[at]smeghead.ca> wrote in message
news:2dlh81p73c335gd3q8g9hd84k3q54j1qlg[at]4ax.com...

- quote -

In microsoft.public.money, Peter Storkey wrote:

- quote -

If the loan account register at the bottom in Money says "You owe:
-$100" and you owe money, that is a problem. A negative balance
would indicate a credit balance. If you owe money on the loan. For a
loan, payments should decrease the balance.

The problem could be as simple as your having specified that your
balance number was negative when you entered it. In that case, there
is an easy solution. Click ChangeAccountDetails on the left of the
register. Find the OpeningBalance box. If it is negative, change it
to a positive amount-- what you owed before you started adding
transactions to the register.

I apologize if this has been addressed before. I have searched Google
Groups and come up with one other person asking a similar question,
but with no resolution...

I am new to MS Money. I recently purchased the Standard edition and
set up my bank accounts. My financial institution doesn't seem to
support Online Services, but I am able to download transactions from
their web site into Money. This seems to work well, and all of my bank
accounts show up correctly in Money.

I recently took out a consolidation loan to pay off some credit cards.
I setup a loan account in Money using the basic loan account wizard.
The account was created successfully and showed the correct amount
owing, with a negative balance displayed in the accounts list, as
expected.

Next, I downloaded the transactions for the loan from my financial
institution's web page. This put 3 transactions into the loan account
- the borrowed amount plus insurance etc. The amount owing still shows
the correct negative amount, but the problem is, the account list now
shows a positive balance (the same amount, just positive instead of
negative). Of course, this messes up all of my reports and make it
look as though I have way more money than I should.

Does anybody have a solution for this?

The amount borrowed was deposited into my chequing account, and that
transaction appears correctly in my Money chequing account. Should I
manually change the transaction to be a transfer from the loan
account?

Thanks in advance for any advice,

Pete