I was entering positive numbers in the Starting and Ending Balances. Now I am only $79 off. I guess I am not an accountant. Thanks for the help.
On Mar 6, 10:15 am, Kevin Hoctor <[email protected]> wrote: > On Mar 6, 2009, at 9:10 AM, Arnie wrote: > > > I am having trouble reconciling a credit card. I have looked at the > > tutorial over and over again, but it doesn't give me a clue. First of > > all I imported my financial information from a Windows Quicken. Does > > MW reconcile all the previous information. I put in the right starting > > and ending dates, starting balance, ending balance. Thje transactionns > > are right and the statement and difference are in agreement and > > cleared show zero. When I check all, the difference shows the total of > > the statement plus all the cleared items. In the present month I end > > up with a difference that is aproximately double the transactions. The > > cleared and the transactions are equal. > > Hi Arnie, > > Are you entering the numbers as negatives for your credit card? Make > sure your starting and ending balances are negative because this is a > liability account. You also may need to start with a zero amount on > your first reconcile as shown in the video tutorial. > > > I hope I don't have the same problem when it comes to my checking and > > savings and other credit cards. I pay off the balance on the credit > > cards every month to bring them to zero. I hope that will show when I > > reconcile. > > Your reconcile is just match up what is in MoneyWell with what is on > your statement. It should work well for all your accounts. I find that > my reconciles are much quicker in MoneyWell than they ever were in > Quicken. > > > In Quicken when I reconcile it ends up asking to pay off the balance > > or a portion of it. Does this happen in MW. > > I'm not sure what you're asking, but MoneyWell does not prompt you to > pay off anything. > > Peace, > > Kevin Hoctor > [email protected] > No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
