Hi I can see that this topic has been discussed in some detail, but I am still really really confused by Credit Card accounts and how to correctly set one up.
I am just not sure what figure to enter in the 'balance' when I create my new credit card account. As I see it there are three facets to such an account: 1. The money that I currently owe on the card (say its $1000 (I wish:) my bank calls this my Balance 2. My credit limit (say its $3000) 3. My Available Credit (which is the sum of 2-1 - in this case $2000) I assume that I enter my Balance in ($1000) when I create the account. And then when I spend on the card I flag the transactions as "Charge", this makes them negative numbers.... which makers perfect sense But, when I charge $100 to the credit card, my balance becomes $900. I kinda think it should be $1,100.... Am I setting things up correctly? Many thanks Johnp --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
