Kevin Thank you!!
On Dec 1, 12:00 pm, Kevin Hoctor <[EMAIL PROTECTED]> wrote: > 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 LLChttp://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 -~----------~----~----~----~------~----~------~--~---
