Tagman
Wed Oct 15 21:41:36 CDT 2003
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If I understand your problem...
The moneymarket account should be setup as an investment account with a =
linked cash account.
Write your checks in the cash account (which can go negative).
When the checks clear and shares in the money market account are sold to =
cover the checks, transfer the proceeds from the sale to the cash =
account to cover the checks.=20
Just a thought -=20
"neal" <shaneals@aol.com> wrote in message =
news:096701c3938b$b97cb1c0$a301280a@phx.gbl...
no version of MONEY i have ever used has allowed me to=20
show a negative balance in an investment account, e.g., a=20
money market fund that has checkwriting privileges. Money=20
does permit negative balances in "regular" (checking)=20
accounts. am i doing something wrong?
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<META http-equiv=3DContent-Type content=3D"text/html; =
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<DIV><FONT face=3DArial size=3D2>If I understand your =
problem...</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>The moneymarket account should be setup =
as an=20
investment account with a linked cash account.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Write your checks in the cash account =
(which can go=20
negative).</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>When the checks clear and shares in the =
money=20
market account are sold to cover the checks, transfer the proceeds from =
the sale=20
to the cash account to cover the checks. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Just a thought - </FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV>"neal" <<A =
href=3D"mailto:shaneals@aol.com">shaneals@aol.com</A>>=20
wrote in message <A=20
=
href=3D"news:096701c3938b$b97cb1c0$a301280a@phx.gbl">news:096701c3938b$b9=
7cb1c0$a301280a@phx.gbl</A>...</DIV>no=20
version of MONEY i have ever used has allowed me to <BR>show a =
negative=20
balance in an investment account, e.g., a <BR>money market fund that =
has=20
checkwriting privileges. Money <BR>does permit negative balances in =
"regular"=20
(checking) <BR>accounts. am i doing something =
wrong?</BLOCKQUOTE></BODY></HTML>
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