unofficial microsoft.public.money FAQ and A
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Q) Why are my credit card charges showing as credits not debits?
A) There is more than one possibility here.
If downloaded transaction data is involved, there could be a problem in the download file.
Another thing that sometimes happens is that a user entered an account beginning balance as a negative number. So Money thinks the account has a credit balance (the bank owes you) rather than a debit balance (you owe the bank). Entering purchases makes this negative "you owe" balance decline since the bank now "owes you" less money. Unless the bank owed you when you setup the account, the account beginning balance should be a positive number.
Finally, some people just get confused by how liability accounts, of which Credit Card is one example, are depicted in Money. In the account register for a Credit Card account, the amount you owe is positive. At the bottom of the register it normally says something like "You owe: $123.45". If it said "You owe: ($123.45)", you would be running a credit balance.
Note that in the numbers on the Account List and Favorite Account balances on the home page and so on, the amount you owe is shown as negative, and a credit balance would be shown as positive. In the account register, things are the other way around.
Answer derived from one provided by Cal Learner--MVP.
Please see this disclaimer if you are using Money 2005 or this comment if you are using Money 2006.
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| How to do things in Money: Downloaded transaction data Q) When I download data from my bank, Money grabs the file. How do I make it stop? |
How to do things in Money: Financial Situations Q) How can I transfer money (to / from) the loan I (made / borrowed)? |
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Last update: 10 December 2006 |
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