Credits and charges have the wrong sign

#4 07-12-2006, 02:26 PM

My guess is that the OP used the wizard to set up a line-of-credit, and the
wizard set it up as a Credit account (I just did went through this with a
new Home Equity Line of Credit I was trying to set up).

My suggestion to the OP is to by-pass the wizard and set the account up
yourself, as an *adjustable* rate mortgage account. Setting it up as an ARM
allows you to change the interest rate periodically, and also seems to
handle additional withdrawals from the LOC just fine. I did this a few
years ago with a previous home equity LOC, and it worked great.
-Fred

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23Ja4ZxHpGHA.3936[at]TK2MSFTNGP04.phx.gbl...
- quote -

> Loans are for fixed term, fixed payment loans. An overdraft account (per
> the OP) hardly qualifies.
> To the OP, if downloaded transactions weren't involved, I'd be glad to try
> to help.
> "Remove ABCD from Email address to reply" <goldweinABCD[at]earthlink.net> wrote in message news:12Asg.2845$vO.1[at]newsread4.news.pas.earthlink.net...
> > You say a credit account. I think you should be creating a loan account.

#3 07-10-2006, 11:55 PM

Loans are for fixed term, fixed payment loans. An overdraft account (per the
OP) hardly qualifies.

To the OP, if downloaded transactions weren't involved, I'd be glad to try
to help.

"Remove ABCD from Email address to reply" <goldweinABCD[at]earthlink.net> wrote
in message news:12Asg.2845$vO.1[at]newsread4.news.pas.earthlink.net...
- quote -

> You say a credit account. I think you should be creating a loan account.

#2 07-10-2006, 09:56 PM

You say a credit account. I think you should be creating a loan account.

--

Neil

"Erik" <Erik[at]discussions.microsoft.com> wrote in message
news:61719AFD-42DE-4856-9A71-FAF6C038C8B5[at]microsoft.com...
- quote -

> I created a line of credit account.
> Erik
> "Remove ABCD from Email address to reply" wrote:
> > What kind of account did you create - an asset account or a loan account?
> > > > "Erik" <Erik[at]discussions.microsoft.com> wrote in message
> > news:B421E228-F7C9-41CF-BB86-5376ABDD674F[at]microsoft.com...
> > > In Money 2003 I created a new account, corresponding to my
> > > overdraft/line
> > > of
> > > credit account at my bank. When I download transactions from my bank
> > > for
> > > this account, they have the wrong sign. In other words, if I borrow
> > > money
> > > from my overdraft account, it shows up as a credit, reducing my loan
> > > balance.
> > > Instead, it should be a charge, increasing my loan balance.
> > > > > Does anyone know how I can tell Money to reverse the signs on these
> > > transactions?
> > > > > Thank you.
> > >

#1 07-10-2006, 12:56 PM

I created a line of credit account.

Erik

"Remove ABCD from Email address to reply" wrote:

- quote -

> What kind of account did you create - an asset account or a loan account?
> "Erik" <Erik[at]discussions.microsoft.com> wrote in message
> news:B421E228-F7C9-41CF-BB86-5376ABDD674F[at]microsoft.com...
> > In Money 2003 I created a new account, corresponding to my overdraft/line
> > of
> > credit account at my bank. When I download transactions from my bank for
> > this account, they have the wrong sign. In other words, if I borrow money
> > from my overdraft account, it shows up as a credit, reducing my loan
> > balance.
> > Instead, it should be a charge, increasing my loan balance.
> > > Does anyone know how I can tell Money to reverse the signs on these
> > transactions?
> > > Thank you.

07-09-2006, 11:02 PM

What kind of account did you create - an asset account or a loan account?

"Erik" <Erik[at]discussions.microsoft.com> wrote in message
news:B421E228-F7C9-41CF-BB86-5376ABDD674F[at]microsoft.com...
- quote -

> In Money 2003 I created a new account, corresponding to my overdraft/line
> of
> credit account at my bank. When I download transactions from my bank for
> this account, they have the wrong sign. In other words, if I borrow money
> from my overdraft account, it shows up as a credit, reducing my loan
> balance.
> Instead, it should be a charge, increasing my loan balance.
> Does anyone know how I can tell Money to reverse the signs on these
> transactions?
> Thank you.

#-1 07-09-2006, 09:04 PM

In Money 2003 I created a new account, corresponding to my overdraft/line of
credit account at my bank. When I download transactions from my bank for
this account, they have the wrong sign. In other words, if I borrow money
from my overdraft account, it shows up as a credit, reducing my loan balance.
Instead, it should be a charge, increasing my loan balance.

Does anyone know how I can tell Money to reverse the signs on these
transactions?

Thank you.

Similar Threads
Thread	Forum	Replies	Last Post
Report "Spending by Category" reflects charges but not credits Dennis: MS Money 2005 Successfully uploaded two years data. While enjoying the pie chart graphs, I noticed that "Gifts" (expenditures) reflected all...	Microsoft Money	1	12-11-2004 02:14 PM
Money Credit card charges should be debits and not credits Deepak Shenoy: When ever I make a charge on my american express card I get an entry placed into the charge column. This is fine except is seems to credit my...	Microsoft Money	1	07-11-2004 04:43 AM
Credits showing up as Charges : I have the same problem as someone had already mentioned. When ever I download the transactions from my bank into the credit card account in money...	Microsoft Money	5	06-10-2004 04:15 AM
Credits showing up as Charges. II Cat: I am also having a problem with my payments to a credit card adding to the total balanced owed on the card rather than reducing the amount owed. I...	Microsoft Money	2	06-05-2004 03:07 AM
Credits showing up as Charges K Smith: Help. I'm using Microsoft Money 2002. I recently added a new credit card account and download the statements electronically. I do not use...	Microsoft Money	1	06-02-2004 02:42 PM

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode