Cal Learner-- MVP wrote:

- quote -

Thanks, Cal. I will proceed as you recommend.

In microsoft.public.money, Tom Gordon wrote:

- quote -

I felt that downloading as much as possible is best. An adjustment
is only needed for that which you don't have transactions for.

So unless you downloaded all transactions you ever did in the
account, there must be an adjustment somewhere.

I think you should have been able to get things balanced after
downloading as much as available.

- quote -

I would want to download at least often enough that the transactions
are not lost. The data will go back an amount of time that varies
from institution to institution. Two or three months is common. I
would think you would want to do it monthly or more just to follow
the transactions.

You should not have a problem keeping up thereafter.

via_newsgroup[at]please.tnx(Cal Learner-- MVP) wrote in message news:<j5mqf05id5e0s5k6ddnecsd2cokbdkduf1[at]4ax.com> ...
- quote -

Cal, thanks for the response, but I was probably not clear enough as
to what happened. The reason the account balances now is because I
only downloaded the current month's statement. After reading your
response, I DID read the MM help about adjustments, and I saw where I
COULD tell Money to "automatically adjust the account balance", but I
would rather not do that.

My real question remains:
Now that I have downloaded the initial statements from my bank, in
order to keep things in sync do I need to download the current
statement at least once a month?

In microsoft.public.money, Tom Gordon wrote:

- quote -

You probably allowed Money to make an adjustment. Find the
adjustment transaction and change it by $500, or change the Opening
Balance in the account details-- am not sure where Money made the
adjustment. I avoid having Money generate compensating transactions
so that I can try to get things to match with actual transactions.

I decided to finally try using MM to keep track of my bank statements.
I manually set up my savings and checking account in MM 2002. Then I
logged on to my bank's web site to download the statements. This is
where my questions come in.

My online access allows me to manually download the statements as
opposed to allowing MM to logon to the website. I started with my
savings account; my bank keeps the 2 most recent statements online, so
I displayed last month's statement and clicked on download. My bank
uses Active Statement. The statement was imported into MM. The problem
is that while it correctly listed last month's transactions, the
ending balance assigned to the account was set to the current balance
(that is, the balance at the time I did the download). So when I
downloaded the current statement, it added the new transaction (a
withdrawal of $500) and deducted the $500 from the previous balance.
This caused my ending balance to be $500 less than it actually is.

I am GUESSING that when I start out with MM, I should just download
the most current statement and forget about trying to go back 2
months. Is this correct? If so, then how often do I need to manaually
download statements to avoid the above problem? (Obviously at least
once a month, but I am a little confused).