In microsoft.public.money, sbennett3705 wrote:

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That sounds like OFX.

You might try saving the OFX file.
http://support.microsoft.com/kb/911941/ tells how. The OFX files can
be difficult to follow. If it is OFX version 2.x, you can rename the
log file to *.xml and view it in IE. If it is version 1.x, you could
use a text editor such as Notepad.

The account description would include "<ACCTTYPE> CREDITLINE" for a
line of credit.

What kind of account does Money show this account as in the Details?
I have not dealt with that kind of account.

Alas, it's the online update right through Money with the bank charging me
$10 bucks a month for the convenience. Seems to work well for everything but
an LOC. I've opening a case with Microsoft support; hopefully they will have
a suggestion.

Thanks.

"Cal Learner-- MVP" wrote:

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In microsoft.public.money, sbennett3705 wrote:

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What kind of download are you doing? QIF, OFX, third party, or what?
the description http://www.microsoft.com/money/bankonline.aspx can
help if you don't know.


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Hope this helps someone troubleshoot this:

I delete the opening balance and then clicked "adjust account balance".
Money says it wants my opening balance to be a negative number, indicating
it believes my balance to be a credit on the account, This is backwards of
course since I (unfortunately) owe the money!

How do I determine which end the trouble is on? My program, or the bank's
download?

Many thanks,


Steve

"sbennett3705" wrote:

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In microsoft.public.money, sbennett3705 wrote:

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I suspect the first two "it"s refers to the account register. The
"Bank Balance" is the amount of the last downloaded balance.

I expect that the bottom of the register says "You owe ($12,500)"
with parentheses indicating the negative amount.

The account... is that a credit card account, a loan account or
what? I suspect you don't actually have $12500 credit balance.

If this were a credit line, you might try telling Money that this is
a checking account (in which you are in the red) rather than a
credit card or a loan.




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It's wired. I just downloaded the account to a fresh file and it's says "Bank
Balance: $12,500", yet below it says "I owe< $12,500> ". There are no
transactions, it's opening balance is a negative number coming from the bank.

Any ideas?

Thanks!


"Cal Learner-- MVP" wrote:

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In microsoft.public.money, sbennett3705 wrote:

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One more thing: if you enter an OpeningBalance for the loan or
credit card account that you owe money on, you should enter a
positive number. If you owed money and entered a negative number
when you started the account, go the Settings for the account and
change the OpeningBalance.

In microsoft.public.money, sbennett3705 wrote:

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Suppose your spend $100 with your credit card. You owe $100, shown
in black in the credit card account. The account list will show a
-100 balance for the account in red. The account list has both asset
and liability accounts, and shows amount for both asset and
liability accounts as if they were asset type accounts for
self-consistency on that page.

You mail a $150 check to the credit card company. That creates a
credit balance. Money says you owe -50, which it shows in red. At
the bottom of the register, it says you owe -50. When you owe a
negative amount, that actually means that they owe money to you.
On the account list, it now shows a balance of 50 in black.



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Yep. That's how it does liability accounts.

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I don't see where a liability can also be an asset?

Anyway it overstates by net worth by the amount of the LOC since it puts it
into the asset column.

I also another credit card reporting the same way.

Geez, I'm confused.

Help!


"Cal Learner-- MVP" wrote:

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In microsoft.public.money, sbennett3705 wrote:

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Owing a negative amount and having a positive asset are consistent.

My home equity LOC show a positive balance on the account page, indicating
this is money I own, not owe. Yet, the in register it shows "you owe: -xxx"
in red, correctly indicating this is a debt.

The bank is correctly transferring the transactions electronically, but he
balance shows up as a positive number on the account list page.

Any help appreciated!