Correct Beginning Balance in Account

I am absolutely new to Money. I'm using Money Small Business 2005 and have a
problem setting up my checking account. I made an Owners' Transfer into the
checking, it's the first recorded entry. However, the balance does not match
the transfer amount, it's off by more than 50%. I made an Owners' Transfer
(Draw) to bring the balance where it needed to be, but now it looks like I
actually took this money out.

Has anyone run into this situation and is there a work-around or fix?

via_newsgroup
Fri Mar 18 09:49:03 CST 2005

In microsoft.public.money, Tim Riley wrote:

>I am absolutely new to Money. I'm using Money Small Business 2005 and have a
>problem setting up my checking account. I made an Owners' Transfer into the
>checking, it's the first recorded entry. However, the balance does not match
>the transfer amount, it's off by more than 50%. I made an Owners' Transfer
>(Draw) to bring the balance where it needed to be, but now it looks like I
>actually took this money out.

Right-click on the account in the Account List. Choose
SeeAccountSettings. In the Account Settings, locate OpeningBalance,
and make that amount $0. Delete that later Owners' Transfer; it
should no longer be necessary.

>
>Has anyone run into this situation and is there a work-around or fix?

I don't run the Business version, but I think this should account
for things.

TimRiley
Fri Mar 18 17:11:07 CST 2005

Cal -
Thank you very much, that worked.


"Cal Learner-- MVP" wrote:

> In microsoft.public.money, Tim Riley wrote:
>
> >I am absolutely new to Money. I'm using Money Small Business 2005 and have a
> >problem setting up my checking account. I made an Owners' Transfer into the
> >checking, it's the first recorded entry. However, the balance does not match
> >the transfer amount, it's off by more than 50%. I made an Owners' Transfer
> >(Draw) to bring the balance where it needed to be, but now it looks like I
> >actually took this money out.
>
> Right-click on the account in the Account List. Choose
> SeeAccountSettings. In the Account Settings, locate OpeningBalance,
> and make that amount $0. Delete that later Owners' Transfer; it
> should no longer be necessary.
>
> >
> >Has anyone run into this situation and is there a work-around or fix?
>
> I don't run the Business version, but I think this should account
> for things.
>
>