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Old 04-26-2006, 03:13 AM
Dick Watson
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Default Re: Tracking CD's in MS Money?

I can't answer for the automatic solution because I do all my data manually.
Based on posts here every day, I think I get better results with less
trouble this way.

The basic drill--as Microsoft intends and not the only way--is:

1) Create an Investment Account, define each CD as an Investment, and Buy a
CD Investment in the Investment Account with the money for the purchase
being transferred from wherever makes sense.

2) Enter Reinvest Interest transactions for the Investment in the Investment
Account.

3) Enter a Redeem CD transaction for the Investment in the Investment
Account and transfer the proceeds wherever you want.

More on all of this should be easily found in Help.

"Dave W" <DaveW[at]discussions.microsoft.com> wrote in message
news:A373EC69-3060-456F-A7F8-7A8215BB54AE[at]microsoft.com...
- quote -

> I am frustrated trying to us MS Money 2006 to track my CDs. If someone can
> provide answers to what I thought would be simple questions I would
> gretaly
> appreciate it.
> 1) When I open a CD, how/where do I record it?
> 2) When I receive monthly interest on the CD, how/where do I record it?
> 3) When a CD matures or I cash out, how/where do I record it?
> I'd be happy to just figure out these first three, but as a bonus....
> My CD's are at Bank of America, along with my checking and Money Market
> Savings. Online updates work fine for those accounts, but the CDs never
> update. Not sure if it matters, but my Checking/savings was opened in VA,
> my
> CD's opened in Texas. I'll update manually if I have to, but it would be
> nice if this was also automatic.
> Thanks!



  #-1  
Old 04-26-2006, 01:39 AM
Dave W
Guest
 
Posts: n/a
Default Tracking CD's in MS Money?

I am frustrated trying to us MS Money 2006 to track my CDs. If someone can
provide answers to what I thought would be simple questions I would gretaly
appreciate it.

1) When I open a CD, how/where do I record it?

2) When I receive monthly interest on the CD, how/where do I record it?

3) When a CD matures or I cash out, how/where do I record it?

I'd be happy to just figure out these first three, but as a bonus....
My CD's are at Bank of America, along with my checking and Money Market
Savings. Online updates work fine for those accounts, but the CDs never
update. Not sure if it matters, but my Checking/savings was opened in VA, my
CD's opened in Texas. I'll update manually if I have to, but it would be
nice if this was also automatic.

Thanks!
 

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money, tracking
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