Incorrect starting balance

#3 05-22-2006, 02:14 PM

In microsoft.public.money, GreggC wrote:

- quote -

> This time, the starting balance was less by the amount of the
> voided, then re-processed, transactions.

In addition, to the other comments, here are some more comments on
starting balance. The balancing paradigm is that you receive a
statement that covers a period of time, or at least it covers a set
of transactions not covered by other statements. The transactions
covered by previous statements should have been marked as balanced
before starting.

The net sum of the reconciled transactions should match the
starting balance. Do not attempt to change the starting balance
figure that you are given when you start the balance process.
Instead be concerned that some transactions that were included in
the previous statements are not marked as Reconciled, or that some
transactions that were not present at the beginning of the statement
period have been marked Reconciled too soon.

How Money Calculates the Starting Balance:
http://support.microsoft.com/default...B;EN-US;138960

#2 05-22-2006, 01:54 PM

"GreggC" <GreggC[at]discussions.microsoft.com> wrote in message
news:2D0EA3E8-CCDC-418F-A848-85B8D8891DE6[at]microsoft.com...
- quote -

> Taylor - I tried that. It hd no effect, probably because of the date of
> the
> transaction. The payment came after the "prior balance" amount.
> "Taylor" wrote:
> > > "GreggC" <GreggC[at]discussions.microsoft.com> wrote in message
> > news:3D276DA8-E829-470A-8315-5DC9EB0CA4E3[at]microsoft.com...
> > > I use MM04. A month ago I paid several bills, including some credit
> > > card
> > > bills. The balance in my check book was not enough to cover the bills,
> > > so
> > > I
> > > did an electronic transfer from savings. When my bank processed these
> > > transactions, they processed the bills first and needless to say came
> > > up
> > > with
> > > an insufficient funds condition.
> > > > > Because of the insuffficient funds situation, the bank voided four bill
> > > payments. Upon realizing that they had not processed the savings to
> > > checking
> > > transfer, the bank re-processed the four bill payments.
> > > > > A couple of weeks after this occurred, I balanced two of the credit
> > > card
> > > accounts effected by these transactions. Prior months balancing had
> > > gone
> > > with incident. This time, the starting balance was less by the amount
> > > of
> > > the
> > > voided, then re-processed, transactions.
> > > > > How do I correct this?
> > > Mark the re-processed transactions as reconciled.
> > >
Change the date of the re-processed transactions to the date of the original

transactions.

#1 05-21-2006, 05:21 PM

Taylor - I tried that. It hd no effect, probably because of the date of the
transaction. The payment came after the "prior balance" amount.

"Taylor" wrote:

- quote -

> "GreggC" <GreggC[at]discussions.microsoft.com> wrote in message
> news:3D276DA8-E829-470A-8315-5DC9EB0CA4E3[at]microsoft.com...
> > I use MM04. A month ago I paid several bills, including some credit card
> > bills. The balance in my check book was not enough to cover the bills, so
> > I
> > did an electronic transfer from savings. When my bank processed these
> > transactions, they processed the bills first and needless to say came up
> > with
> > an insufficient funds condition.
> > > Because of the insuffficient funds situation, the bank voided four bill
> > payments. Upon realizing that they had not processed the savings to
> > checking
> > transfer, the bank re-processed the four bill payments.
> > > A couple of weeks after this occurred, I balanced two of the credit card
> > accounts effected by these transactions. Prior months balancing had gone
> > with incident. This time, the starting balance was less by the amount of
> > the
> > voided, then re-processed, transactions.
> > > How do I correct this?
> Mark the re-processed transactions as reconciled.

05-21-2006, 04:30 PM

"GreggC" <GreggC[at]discussions.microsoft.com> wrote in message
news:3D276DA8-E829-470A-8315-5DC9EB0CA4E3[at]microsoft.com...
- quote -

> I use MM04. A month ago I paid several bills, including some credit card
> bills. The balance in my check book was not enough to cover the bills, so
> I
> did an electronic transfer from savings. When my bank processed these
> transactions, they processed the bills first and needless to say came up
> with
> an insufficient funds condition.
> Because of the insuffficient funds situation, the bank voided four bill
> payments. Upon realizing that they had not processed the savings to
> checking
> transfer, the bank re-processed the four bill payments.
> A couple of weeks after this occurred, I balanced two of the credit card
> accounts effected by these transactions. Prior months balancing had gone
> with incident. This time, the starting balance was less by the amount of
> the
> voided, then re-processed, transactions.
> How do I correct this?

Mark the re-processed transactions as reconciled.

#-1 05-21-2006, 04:02 PM

I use MM04. A month ago I paid several bills, including some credit card
bills. The balance in my check book was not enough to cover the bills, so I
did an electronic transfer from savings. When my bank processed these
transactions, they processed the bills first and needless to say came up with
an insufficient funds condition.

Because of the insuffficient funds situation, the bank voided four bill
payments. Upon realizing that they had not processed the savings to checking
transfer, the bank re-processed the four bill payments.

A couple of weeks after this occurred, I balanced two of the credit card
accounts effected by these transactions. Prior months balancing had gone
with incident. This time, the starting balance was less by the amount of the
voided, then re-processed, transactions.

How do I correct this?

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