credit interest



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credit interest

Postby Joe » Sat, 05 Jun 2004 06:32:09 GMT

Help! I can't get MS Money to automatically calculate purchase interest on
my credit card accounts, and show them in the cashflow. It seems the
interest rate I entered in the account options only applies to positive

Re: credit interest

Postby Dick Watson » Sat, 05 Jun 2004 07:40:27 GMT

The interest rate for a credit card will only show in cash flow if you use
Debt Reduction Planner.

Re: credit interest

Postby Joe » Sat, 05 Jun 2004 09:28:27 GMT

That's pretty stupid, but thanks.

"Dick Watson" < XXXX@XXXXX.COM > wrote in


Re: credit interest

Postby Dick Watson » Sat, 05 Jun 2004 10:18:44 GMT

I didn't design the program. If you want to approximate, throw in a
scheduled transaction. You can always skip all of them when they come due
and enter the real number from the statements.



Re: credit interest

Postby Joe » Sat, 05 Jun 2004 10:36:05 GMT

Have you used any other money management programs? And how does this one

Re: credit interest

Postby Dick Watson » Sat, 05 Jun 2004 10:55:36 GMT

I used Quicken a really long time ago and have peeked at it from time to
time since--mostly when I had access to a free bundled copy on a new
machine. I've messed around with GnuCash. Yikes.

But I have so much data in Money now and there are such limited choices for
getting it out, I'm fairly well stuck in the Money rut. That's not to say
that I'm generally unhappy with it. I'm not. Just there aren't a lot of
choices worth even pondering, so I pretty much feel like I have to take what
they give. I'd like for them to give something a little different, even to
just fix the tax estimator display bug, but I understand some of the reasons
that they don't.

Similar Threads:

1.Can Money 2005 calculate interest charges with credit accounts

Well, it shows up as a charge, I don't know if that would affect the budget 
planning etc or something else.  It isn't a purchase or charge, just a 
monthly interest.

I can't get the Payment frequency and next payment date to be active  
either.  They are grey'd out.

"Dick Watson" wrote:

> If the bank isn't downloading these transactions, then manual entry would
> seem to be the only other option.
> "mikeb" < XXXX@XXXXX.COM > wrote in message
> news: XXXX@XXXXX.COM ...
> > I have a credit card account and although my bank lists the monthly
> interest
> > charges,  M05 only downloads the transactions.   Can Money automatically
> take
> > into account for these?  My balance is off because it is not adding the
> > monthly interest charges.  Do I just need to manually add these each
> month?

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