"Cal Learner-- MVP" wrote:

- quote -

Carl,

What you stated is correct for the way Money presents the transactions. As
I described, however, this is not the way it reads the balance from my banks.
Both Wells Fargo and Washington Mutual were reporting a balance (in Money) I
owed as a negative number - ($10), for instance.

What I ended up doing to fix this: converted each account to use the
essential register. Now both the bank balance and the transactions are using
the same sign.

Thanks!

In microsoft.public.money, Tom Davis <Tom
Davis[at]discussions.microsoft.com> wrote:

- quote -

Credit card balances are in terms of what you owe. If you owe $10
and make a $20 payment, you will owe -$10 (you would have a credit
balance).


- quote -

What you may have done is to enter a starting balance for the credit
card account as a negative number. Go to the account settings, and
change that to a positive number if you initially owed money to the
credit card company.

I am using Money 2005 and it reports credits to my credit card accounts as
negative balance transactions. For instance, if I have a balance in Money of
$10 and I make a $20 payment, my balance in Money is ($10). Though this is
opposite of how I would imagine it working, it would be fine i my banks
weren't reporting a balance owed as a negative number.

Using the example above, my bank would report ($10) as my starting balance.
If I make a $20 payment, Money would report my balance as ($30) while my bank
would report $10.