Since a credit card is a debit account (one with a negative balance), you need to change your starting balance transaction from a payment to a charge. That should fix your balance.
Peace, Kevin Hoctor No Thirst Software LLC http://nothirst.com Sent from my iPhone On Nov 30, 2008, at 4:30 PM, johnp <[EMAIL PROTECTED]> wrote: > > 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 -~----------~----~----~----~------~----~------~--~---
