On Mar 22, 2009, at 8:38 PM, cardigrl wrote:

> Except, actually, that does not work at all.  For example, I just  
> reconciled one account from my account statement.  It claimed it  
> reconciled.  Yet, the amount it shows at the bottom of the screen  
> does not match either the amount on the printed statement, nor the  
> amount shown on the bucket in the accounts list.  So the program has  
> 3 different figures for the balance on one day.  And how can it show  
> that it's reconciled when the "reconciled balance" on the bottom of  
> the screen does not match the ending balance on the reconciliation  
> screen?


The daily balances at the bottom show you exactly what you have put  
into MoneyWell. If these do not match up with your account balance for  
that day, then you are missing or have incorrect transactions.

You can reconcile an account between two dates without actually  
reconciling to the current balance. As I said in my other response,  
the biggest error is not setting up your starting balance transaction  
correctly.

If you don't have a starting balance transaction, follow these steps:

1. Click on your account and then click the Transactions title to  
select all the transactions
2. Write down the sum shown at the bottom of the window
3. Find out your end of day balance from your bank as of the date of  
your last transaction
4. Subtract the total in step 2 from the balance in step 3
5. Add a new transaction and date it the day prior to your first  
transaction
6. Set the payee name to "Starting Balance"
7. Set the amount to the value from step 5
8. Right-click the transaction and set the Bucket Optional flag

Now you should be able to select a current transaction, look at the  
end of day balance at the bottom of the window and it should match  
your banks balance for that date.

Peace,

Kevin Hoctor
[email protected]
No Thirst Software LLC
http://nothirst.com
http://kevinhoctor.blogspot.com


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