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| You have three choices. a) Use the July 14 statement June 14 (?) starting balance as the Money Account Beginning Balance. Enter all transactions for the June-July 14 period in Money that are shown on the statement. b) Use the July 14 statement July 14 (?) ending balance as the Money Account Beginning Balance. Do not enter any of the transactions for the June-July 14 period in Money that are shown on the statement. c) Take the July 14 statement July 14 (?) ending balance. From that number, subtract all of the credits and add all of the debits for transactions for the July 1-July 14 period that are shown on the statement and entered in your Money register. Use that value as your Money Account Beginning Balance. "blbh" <blbh[at]discussions.microsoft.com> wrote in message news:A0E728BD-E583-43E9-8884-057E0F2A23A7[at]microsoft.com... - quote - > I am having a terrible time balancing my account for the first time. What > am > I doing wrong?? MM says to use your paper statements last beginning and > ending balance...can this be right! My MM account started 7/1/2005 > however > my paper statement starts in June 2005 thru July 14th. Any advice would > be > appreciated! |
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| In microsoft.public.money, blbh wrote: - quote - > ending balance...can this be right! My MM account started 7/1/2005 however > my paper statement starts in June 2005 thru July 14th. Any advice would be > appreciated! I am guessing that you have a bank checking account that is called a Money Market account. I suspect you are trying to make the account indicate that it is balanced with what you have in there already so that you have a starting point. If you wish to start fresh and declare an account balanced, you can mark all entries balanced. Select to show only unreconciled transactions. Sort by date, and go to the oldest transaction. Hold down Cntl+Shift+M and let auto-repeat work thru the transactions until none are left showing. Then balance making the starting and ending balance match the known balance. Choose the balance date to be the day after your last transaction. This is not the normal procedure. It starts you with an amnesty for former balancing. If this did not answer your question, what do you see and what did you expect/want to see? |
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| I am having a terrible time balancing my account for the first time. What am I doing wrong?? MM says to use your paper statements last beginning and ending balance...can this be right! My MM account started 7/1/2005 however my paper statement starts in June 2005 thru July 14th. Any advice would be appreciated! Thanks |
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| 1st, reconcile, time |
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