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 balances.
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 balances.
The interest rate for a credit card will only show in cash flow if you use Debt Reduction Planner.
That's pretty stupid, but thanks. "Dick Watson" < XXXX@XXXXX.COM > wrote in on
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. use interest positive
Have you used any other money management programs? And how does this one compare?
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.
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? > > >
2.Credit Limit and Interest Rate
How do I change the credit limit or the interest rate for a credit card account? I'm using Money 2006 Canadian Edition.
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