BACS Clearance and MS Money


O

offwego

I'm running MS Money version 14.0.120.1105 2005 boxed as Money 2005.

I have a number of bank accounts and transfer money between them. As they
are with different banks the BACS system takes three days from when it leaves
one account until it appears in the second. MS Money appears to only let me
specify one date for a transaction so I can only show it as either leaving
account 1 on the correct day or entering account 2 on the correct day. I
would like to be able to show the correct dates for each account!

MS Money is transferring these sums using the 'specials' list and shows up
in my register as something like 'Transfer from.....'

Can anyone help? Many thanks.
 
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C

Cal Learner

I'm running MS Money version 14.0.120.1105 2005 boxed as Money 2005.

I have a number of bank accounts and transfer money between them. As they
are with different banks the BACS system takes three days from when it leaves
one account until it appears in the second. MS Money appears to only let me
specify one date for a transaction so I can only show it as either leaving
account 1 on the correct day or entering account 2 on the correct day. I
would like to be able to show the correct dates for each account!

MS Money is transferring these sums using the 'specials' list and shows up
in my register as something like 'Transfer from.....'

Can anyone help? Many thanks.
Create a suspense account.
I have one I call In Transit, and I named it a "cash or other"
account. Change each of the downloaded transactions into transfer
to/from that account. That account will normally have a zero
balance except while funds are in transit. Make your transactions as
transfers to and from that account.
 
O

offwego

Cal Learner said:
Create a suspense account.
I have one I call In Transit, and I named it a "cash or other"
account. Change each of the downloaded transactions into transfer
to/from that account. That account will normally have a zero
balance except while funds are in transit. Make your transactions as
transfers to and from that account.
Cal,

Thanks. That's a great idea! I'll give it a go (but may come back if I
need any further help!)

offwego
 
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O

offwego

offwego said:
Cal,

Thanks. That's a great idea! I'll give it a go (but may come back if I
need any further help!)

offwego

....just got it sorted and it works a treat! I've also updated my 'Bills'
entry so that the regular payment is made into my 'Transit' account. Thanks
again.
 

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