Tracking Money Market Account Interest Earned in Money 2002.

Hello,

I needed to know if there was a way for Money 2002 (version that shipped
with Works 2002) to track the interest I earn on my Money Market account.
Is there a way to estimate how much I will earn by a certain date if I
continue depositing the same amount monthy?

Thanks,

Jeff

Dick
Fri Oct 13 07:14:11 CDT 2006

Track? Yes. Enter Reinvest Interest transactions from statement data.
Estimate? That's not tracking. That's predicting. There are a couple of
approaches coming to mind.

Somewhere along the line (may have been after M02) a savings account could
have an interest rate assigned in Details and Forecast Cash Flow could
include that interest accrual in its forecasts. Of course, Best Practice is
generally to treat an MMF as an Investment Account, so this doesn't work
there. The other way that comes to mind is to schedule the interest as a
deposit. Of course, you can't schedule a Reinvest Dividend so this has its
problems as well. (Money, quite lamely, will not allow scheduling whole
classes of transactions you can easily enter.)

I guess I'm getting to: not easily.

Excel is quite frequently a handy companion to Money.

"JMI" <ingramje@gmail.com> wrote in message
news:utconfq7GHA.3812@TK2MSFTNGP02.phx.gbl...
> I needed to know if there was a way for Money 2002 (version that shipped
> with Works 2002) to track the interest I earn on my Money Market account.
> Is there a way to estimate how much I will earn by a certain date if I
> continue depositing the same amount monthy?