Line of Credit account in Canadian MS Money 2006 Standard

01-10-2007, 07:39 PM

Hi Steve,

Not sure about M2006 but in M2004 I had set-up my LOC as a Loan. When I
converted to M2007, it falls in the category of Loans and Liabilities. I'm
not having any issues with it in this category.

Cheers, Bob

"SteveR" <SteveR[at]discussions.microsoft.com> wrote in message
news:A38C3A64-0568-4EAB-B89E-5D1DC5279180[at]microsoft.com...
- quote -

> Hello! I am using M2006 Standard (Canadian version). I have a line of
> credit with my FI (financial institution). I am having difficulty setting
> this account up.
> Money does not offer me an option to create a LOC account and appears to
> suggest creating a Credit Card account for it.
> The problem is that when I download the account transaction information
> from
> my FI I end up with the credit card account showing that the bank owes me
> money rather than the other way around. If it were only true I would be
> very
> happy but alas it is not. I owe them. Big time!
> Anyone have advice on how to set up this account so it works as I expect
> it
> to?

#-1 01-04-2007, 11:57 PM

Hello! I am using M2006 Standard (Canadian version). I have a line of
credit with my FI (financial institution). I am having difficulty setting
this account up.

Money does not offer me an option to create a LOC account and appears to
suggest creating a Credit Card account for it.

The problem is that when I download the account transaction information from
my FI I end up with the credit card account showing that the bank owes me
money rather than the other way around. If it were only true I would be very
happy but alas it is not. I owe them. Big time!

Anyone have advice on how to set up this account so it works as I expect it
to?

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