Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
 
Old 12-09-2005, 04:04 AM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: New to Money, need info about monthly statement, balance info, ect

In microsoft.public.money, Stan wrote:

- quote -

> I have used QBooks and Quicken for years, but have never used any automatic
> or downloaded information until now. Due to a hard drive crash I figured I
> would try something new for my personal financial stuff. (nothing ventured,
> nothing gained) Money Deluxe 2006 sucessfully downloaded almost all my
> accounts and their balances. My questions are:
> My adjusted balance is way off my actual bank balance. I know about the
> cleared check stuff, but is additional information downloaded during the
> monthly statement cycle? Or do I need to back up and enter the last few
> weeks of deposits and withdrawls so I balance on my computer, and mark them
> as cleared manually? I guess what I am asking is: Do I need to initially set
> up Money as I would initially set up an account with non-downloaded
> information, and get everything in balance before I turn everything over to
> being automatically updated?


First, I would go to the Advanced register, where I have my
transactions visible. Assuming you are not going to enter all of the
transactions from the beginning of that account, you will either
want to put in the starting balance that corresponds to what you had
at the time where the listed transactions started, or add a
transaction that pre-dates the other transactions with that value. I
would tend for the compensating transaction.


- quote -

> I also have one account (out of four) that did not download a balance from
> the bank. It picked up all the other information - account numbers, ect.,
> but no recent transactions or balances.
> Do I need to tell my bank that I now want online statements?


Sometime you do, but not in this case. If the transactions are
there, the balance computed by Money should match the bank balance
once you have entered the initial balance information. Compare with
your paper statement or web statement to figure the appropriate
value.


- quote -

> Any help greatly appreciated. Thanks.
> Stan

  #-1  
Old 12-09-2005, 03:35 AM
Stan
Guest
 
Posts: n/a
Default New to Money, need info about monthly statement, balance info, ect

I have used QBooks and Quicken for years, but have never used any automatic
or downloaded information until now. Due to a hard drive crash I figured I
would try something new for my personal financial stuff. (nothing ventured,
nothing gained) Money Deluxe 2006 sucessfully downloaded almost all my
accounts and their balances. My questions are:

My adjusted balance is way off my actual bank balance. I know about the
cleared check stuff, but is additional information downloaded during the
monthly statement cycle? Or do I need to back up and enter the last few
weeks of deposits and withdrawls so I balance on my computer, and mark them
as cleared manually? I guess what I am asking is: Do I need to initially set
up Money as I would initially set up an account with non-downloaded
information, and get everything in balance before I turn everything over to
being automatically updated?

I also have one account (out of four) that did not download a balance from
the bank. It picked up all the other information - account numbers, ect.,
but no recent transactions or balances.

Do I need to tell my bank that I now want online statements?

Any help greatly appreciated. Thanks.

Stan
 

Tags
balance, ect, info, money, monthly, statement
Similar Threads
Thread Forum Replies Last Post
Stock Split info-where is the info
HSNY: I am in the wonderful process of starting my tax filing. If I have a stock buy entry for 100 shares of XYZ company at $20, the amount is $2000.GOOD....
Microsoft Money 1 02-27-2005 11:21 PM
Re: Auto Balance - Monthly Paper Statement issue
Jim Johnson: I think you are missing the whole point. Downloading from your bank and using the auto balance feature is suppose to eliminate the need to balance...
Microsoft Money 8 10-08-2003 02:11 AM
Why is business info req'd in personal info??: Money '03 D/B
Verena Souw: Help! This is driving me nuts - I deleted my ms money file so I could start over, and now everytime I create a new file, Money asks me for my...
Microsoft Money 1 07-14-2003 12:27 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 04:56 PM.