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Old 07-30-2005, 06:16 PM
Dick Watson
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Default Re: 1st time reconcile

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!



 
Old 07-30-2005, 06:08 PM
Cal Learner-- MVP
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Posts: n/a
Default Re: 1st time reconcile

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?


  #-1  
Old 07-30-2005, 05:16 PM
blbh
Guest
 
Posts: n/a
Default 1st time reconcile

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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