I'm using Money2006. I bought $50k worth of 13-week T-Bills.

I defined 13wkTBill as a security.

When I try to enter this transaction, I put in Quantity 1, Price $50,000,
and it calculates the total as $500. ????

If I enter quantity 100, price $50k, then the total is $50k.

I can't figure out the math. Why is the total only 1% of what I'd expect?

Thanks

Re: T-Bill recording by Cal

Cal
Mon Nov 07 21:24:04 CST 2005

In microsoft.public.money, songli wrote:

>I'm using Money2006. I bought $50k worth of 13-week T-Bills.
>
>I defined 13wkTBill as a security.

"security" is not one of the Money types. I suspect you chose
"bond".
>
>When I try to enter this transaction, I put in Quantity 1, Price $50,000,
>and it calculates the total as $500. ????
>
>If I enter quantity 100, price $50k, then the total is $50k.

Bonds are priced as a percent of par/face value. If you keep that as
a bond, and you paid par, the total is $50,000 and the price is
100(%). Quantity is 50000.

See http://support.microsoft.com/default.aspx?scid=kb;en-us;240555

http://support.microsoft.com/default.aspx?scid=kb;en-us;823031 could
also be of interest -- no pun intended.


>
>I can't figure out the math. Why is the total only 1% of what I'd expect?

Re: T-Bill recording by songli

songli
Mon Nov 07 21:58:41 CST 2005


"Cal Learner" <NoMailTnx@please.com> wrote in message
news:la60n19ni2afs59qj803bflm9m3ijr8ncl@4ax.com...
> In microsoft.public.money, songli wrote:
>
>>I'm using Money2006. I bought $50k worth of 13-week T-Bills.
>>
>>I defined 13wkTBill as a security.
>
> "security" is not one of the Money types. I suspect you chose
> "bond".

You're right, the type is "Bond", sub-type "Treasury Bill"

> Bonds are priced as a percent of par/face value. If you keep that as
> a bond, and you paid par, the total is $50,000 and the price is
> 100(%). Quantity is 50000.

Great, thanks!

>
> See http://support.microsoft.com/default.aspx?scid=kb;en-us;240555
>
> http://support.microsoft.com/default.aspx?scid=kb;en-us;823031 could
> also be of interest -- no pun intended.
>
>>
>>I can't figure out the math. Why is the total only 1% of what I'd expect?