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Old 01-12-2004, 02:17 PM
Confused
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Default Re: Credit Card entries

Thanks so much, Cal. I use my cc's online account center
quite frequently to keep up w/ my balance, but -duh!-
never thought of downloading. I do my MS$ on a different
computer, but I could probably figure out how to download
on this one and then transfer to the bookkeeping one. I
guess I'm too slow to have figured out the "Transfer"
funciton for that purpose; thanks for boosting my learning
curve!
 
Old 01-06-2004, 08:29 PM
Cal Learner-- MVP
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Default Re: Credit Card entries

In microsoft.public.money, Confused wrote:

- quote -

> I have read some of the posts after I Searched this topic,
> but I am still too dense to understand how to do credit
> cards. I have read how to do it in the Money Help, but
> when I actually do it I always end up looking as if I owe
> bazillions.
> Here are the factors that complicate their simple
> directions:
> *I like to input my data each week, not monthly when I get
> my statement. I think if I set it up correctly that I
> could still do this, but durned if I know how.


Enter your purchase transactions into the register using your credit
card slips. Some credit cards let you download transactions
throughout the month. That is my preference.


- quote -

> *Each month I pay off my credit card, usually not just the
> balance shown but however much I've accrued by the date
> that I send off the check.


OK... So look at the You Owe balance at the bottom of the register

- quote -

> *I do use split transactions, but then when it comes time
> to actually fork over the bucks, I seem to trhow it into a
> panic b/c I don't know how to tell it that it's a credit
> card payment as well as all those transactions.


Enter your payment as a transfer from checking to the credit card
account. The Category will be Transfer.

- quote -

> Can somebody walk me step by step through the way in which
> I should set this up to work for my peculiar habits?



  #-1  
Old 01-06-2004, 08:18 PM
Confused
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Posts: n/a
Default Credit Card entries

I have read some of the posts after I Searched this topic,
but I am still too dense to understand how to do credit
cards. I have read how to do it in the Money Help, but
when I actually do it I always end up looking as if I owe
bazillions.

Here are the factors that complicate their simple
directions:
*I like to input my data each week, not monthly when I get
my statement. I think if I set it up correctly that I
could still do this, but durned if I know how.
*Each month I pay off my credit card, usually not just the
balance shown but however much I've accrued by the date
that I send off the check.
*I do use split transactions, but then when it comes time
to actually fork over the bucks, I seem to trhow it into a
panic b/c I don't know how to tell it that it's a credit
card payment as well as all those transactions.

Can somebody walk me step by step through the way in which
I should set this up to work for my peculiar habits?
 

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card, credit, entries
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