Rate our answers? Where and why?

It is really safe to download, if the bank you're downloading from complies
fully with OFX standards. Some do better than others. Those that don't,
don't corrupt your data. They just make editing the download more work than
would justify downloading.

I've been doing it for years and am quite satisfied with the process. Others
disagree.


Perpetually Confused. wrote:
- quote -

I am in midst of a few family crises so don't have time for great response
but do **thank you all** and will go back (hope by next week) and rate your
answers if they helped or not.
Comments Pro Tem:
Chris, is it really safe to download the info? I'd thought about it, but am
cluck-cluck-cluck. Also, I guess I'd have to double-check where I am in
entries and be sure to start afresh with a new month's balance.

Susan, I did in past enter it in checkbook but advice received got me to
start doing it the other way, as an entry in Discover account.

Dick, guess what? I DID used to use MS Money 2002, but I messed up the
computer it was on and so had to transfer backed-up data (at least I did that
much right!) to a different secondhand puter, and when the cr*pped-out
computer died I got a new one with 2004 Standare OEM Edition. I still had
the problem with the old one, though.

I will try fiddling with all this next week (Lord willing, please, Lord, be
willing!!!) and let you guyz'n'gals know something.

Really appreciate the hand-holding and leading thru the valley of the shadow
of silicon-based finances.

Dick Watson wrote:
- quote -

I would argue, with respect to long term use. I would not argue, with
respect to getting the account working first.

I download Discover card directly and never had any problems with it, at
all.

Something about that entry seems backwards. What happens if you enter the
transaction in your checking account instead?

Susan

"Perpetually Confused." <PerpetuallyConfused[at]discussions.microsoft.comwrote in message news:E3F226F6-1575-4814-B4D0-5128EDA0EFE2[at]microsoft.com...
- quote -

I see no hint of downloaded transaction data involved here. I'd say that's a
good thing. Others would argue.

I think you need to get one month balanced. If you can do that, you should
find what's going on.

The account should have a beginning balance. If you owed them money and the
account type is correctly setup, the register will show a positive
value--and a you owe balance at the bottom. New charges should ADD to the
liability balance. You should see this in the register. Any credit should
reduce the balance. You payment should reduce the balance in both the
Discover account liability and the checking account cash balance. Assuming
the account beginning balance or opening balance reconciled with your last
statement, your new balance this month should as well. If not, test every
entry in the Money register against the transactions on the statement and
vice versa until you find your problem. This is all just addition and
subtraction--no rocket science here.

One other thing you might want to do is make sure you look at the register
with the view setting set to all transactions all dates and make sure that
you don't have some transactions getting reconciled in error. If your file
dates to Money 2002, there is a sneak bug here with scheduled transactions
that can get you in trouble. If M02 has been involved with this data file,
let us know and we'll explain that possibility.

Good luck and let us know what you find.

"Perpetually Confused." <PerpetuallyConfused[at]discussions.microsoft.comwrote in message news:E3F226F6-1575-4814-B4D0-5128EDA0EFE2[at]microsoft.com...
- quote -

Assuming that your beginning balance is correct:

Manually enter the expenses into the discovery register. Split transactions as required.

Manually enter payments into your checking account as a withdrawal - transfer to your discover account.

The transfer will reduce your outstanding, unpaid expenses.

Manually reconcile the account - balance should be the unpaid, outstanding charges for the next months statement (if you pay in full).
"Perpetually Confused." <PerpetuallyConfused[at]discussions.microsoft.com> wrote in message news:E3F226F6-1575-4814-B4D0-5128EDA0EFE2[at]microsoft.com...
I've asked this question before and scrupulously followed instructions, but I
keep coming up with huge balances for my Discover. Funny thing is, I enter
the Visa the same way and it comes out even after I pay it.

Can someone explain again, step-by-step, how to enter transactions (often
split) into the Discover register and then which way to show I've PAID it (I
think that's the problem); I usually pay by check. Normally I enter my
charges weekly with "Show Transaction Forms" checked and when I pay the
monthly bill I do a Credit, Fromiscover Card, Category: Transfer from
Checking.

Thanks.

I've asked this question before and scrupulously followed instructions, but I
keep coming up with huge balances for my Discover. Funny thing is, I enter
the Visa the same way and it comes out even after I pay it.

Can someone explain again, step-by-step, how to enter transactions (often
split) into the Discover register and then which way to show I've PAID it (I
think that's the problem); I usually pay by check. Normally I enter my
charges weekly with "Show Transaction Forms" checked and when I pay the
monthly bill I do a Credit, Fromiscover Card, Category: Transfer from
Checking.

Thanks.