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Old 07-01-2003, 12:22 PM
Dick Watson
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Default Re: Credit Card Hassles With Money

The way they intend it to be used is that you enter (or download, if you
insist) the transaction data including the monthly interest charge.

The register keeps track of the activities that change you balance.
Beginning balance + purchases - credits - payments + interest expense =
ending balance.

Money doesn't attempt to calculate interest and enter it into the register
since sooner or later, it would for whatever reason calculate differently
than you bank, putting the balance off.

Have you read on-line help about debt reduction planner? It might do what
you want.

"GM" <blueshift822[at]hotmail.com> wrote in message
news:080f01c33f94$d77eb1a0$a101280a[at]phx.gbl...
- quote -

> How then am I to get Money to give me an accurate CC
> balance every month if it can't figure out the interest of
> the CC?
> If I want a receipt of something, I can simply write it
> down somewhere that the CC was paid for that month.


 
Old 07-01-2003, 05:51 AM
GM
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Posts: n/a
Default Re: Credit Card Hassles With Money


Dick,

How then am I to get Money to give me an accurate CC
balance every month if it can't figure out the interest of
the CC?

If I want a receipt of something, I can simply write it
down somewhere that the CC was paid for that month.

GM

- quote -

> -----Original Message-----
> No. It never enters transaction information automgically.
The only thing it
> does with that value is use it in DRP to project future
interest costs.
> Yes. It's the only way to accurately track the balance.
> "GM" <blueshift822[at]hotmail.com> wrote in message
> news:29f101c33f61$2b043720$a601280a[at]phx.gbl...
> > I've entered the monthly interest rate into my Money CC
> > accounts, but for some reason it's not adding this to my
> > balance every month. Am I doing something wrong?
> > > Is it even worth tracking your CC payments every month
if
> > all you want to do is keep a sharp eye on your debt?
> .
  #-1  
Old 07-01-2003, 04:07 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Credit Card Hassles With Money

No. It never enters transaction information automgically. The only thing it
does with that value is use it in DRP to project future interest costs.

Yes. It's the only way to accurately track the balance.

"GM" <blueshift822[at]hotmail.com> wrote in message
news:29f101c33f61$2b043720$a601280a[at]phx.gbl...
- quote -

> I've entered the monthly interest rate into my Money CC
> accounts, but for some reason it's not adding this to my
> balance every month. Am I doing something wrong?
> Is it even worth tracking your CC payments every month if
> all you want to do is keep a sharp eye on your debt?


 

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card, credit, hassles, money


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