On Mar 23, 2009, at 4:12 PM, Daniel wrote: > I have three accounts: 1. Personal Checking 2. Personal Savings and 3. > Business Checking. I'm a sole proprietor, so I keep track of all of > my income through MoneyWell. I always reconcile my statements and I'm > up to date on that. However, I recently noticed that balance on my > checking account is off (actually, it shows a negative balance). > > When I view my account online, I can see a running balance of my > account. That is, if I have $500 and I spend $25 dollars, there is a > column that displays "$500" and then "$475", etc. showing the running > total after each deposit/withdrawal. > > I looked for the same information in MoneyWell, thinking that I could > see where my checking balance went astray. So, I went through each > line item in the checking account one at a time to view the > transactions, balance, reconciled balance, and bucket balance at the > bottom of the screen. However, I couldn't really see a running > balance like I can on my online bank account. > > I'm really perplexed why my checking account would be so off when I am > reconciled. > > Anyone have any suggestions or thought?
Hi Daniel, Chances are you don't have the correct starting balance transaction in MoneyWell. You can look at your end of day balance in MoneyWell by clicking a transaction and glancing at the total at the bottom of the window. Look at your bank account for that same date and compare that amount to the running balance next to the last transaction of that same date. 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 --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
