In microsoft.public.money, Blaw wrote:

- quote -

Not a new account. A new transaction into the existing account with
a category of your choice.

A file contains accounts (and more). Accounts contain transactions.

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I would track things down too, but if I wanted to avoid that, I
would do the compensating transaction. That does not mean that I
could not later track down the actual details, and delete/void the
adjustment.

Different people use Money in very different ways. There is more
than one right way.

In microsoft.public.money, Blaw wrote:

- quote -

If you download from your bank's website and let Money launch, it
would go into the most recently used file. If that did not happen to
be the proper file, you could just switch to the right file and
re-download. I like to set up the file associations so that I get a
pop-up box asking if I should save the file to disk or open it with
the default program:

Start-> Settings-> ControlPanel-> FolderOptions-> FileTypes

Select OFX-- Open Financial Exchange File .

Click Advanced. Check Confirm Open After Download unless
you would not like the pop-up box.



If you move to a bank that has direct OFX access and you do
AccountList-> UpdateNow, it would be the open file.

If you use background banking, I don't know. I would like to think
it would be the file that has background banking enabled, but I have
not checked that.

Question for you Cal, I'm about to set up a new default MS Money account
because the first one I had imported a bunch of junk from quicken. I still
want to keep the old file on my computer to use for trial and error purposes.
That way when I want to test something out I won't have to mess with the
integrity of my new Money file.

The question is how will my bank know which file to download activity into?
I usually download from my bank by logging into my bank's website then
clicking on download account activity. Then it automatically goes into my
money file.

"Cal Learner-- MVP" wrote:

- quote -

OK. So he has an extra $130 in his bank account, therefore it must have been
income since the last reconcling. Sounds reasonable.

In this case why not just add a transaction to "other income" account to
make up the difference. Why add new accounts? I guess it's just me, I try to
keep my chart of accounts as clean as possible I hate adding unneccessary
accounts. Now if we were using real accounting software such as quickbooks or
something then maybe.

I haven't had a chance to play with money too much yet.


"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Blaw wrote:

- quote -

To that extent, you had money appear in your account somehow. So to
have it appear as income seems reasonable.


- quote -

I find that preferable to changing the opening balance even tho you
are compensating for some thing(s) that occurred fairly recently--
at least since your last balancing.



- quote -

I found it best to make an adjustment to that accounts opening balance. I
think any other adjustment you make will have an effect on your income
statement.

I'm not a big fan of adding various adjustment accounts into my chart of
accounts.



"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, beamone wrote:

- quote -

You can add a deposit. Make a category such as "Adjustment".

I have an Account that I have not reconciled in awhile. The Balance in Money
is $130.98 less than last Statement. I would rather not spent countless
hours finding it. So How can I add that amount into this Account as an
adjustment as I am not really putting money into it so that it will balance
as of year end.
--
Barry
www.beamalarm.com