Splasm Software Discussions

What is the best way to add entries in Checkbook Pro with a Credit Card Account, e.g., a VISA account? If I have a balance on my account of $200, should I see" -$200"
in the Balance column? Then if I charge $50 I should see "-$250", right?

Correct. Make sure your starting balance is a negative number when you started the account. You can adjust this by selecting your account, then go to the account menu at the top of the screen and select 'Edit Account...' This should bring you to the screen where you can adjust your starting balance again.

When you make entries in a debt account, like a purchase, interest or fees, make sure you are adding them as debits. The amounts will automatically be negative and will add to your debt. In your example -200 will become -250. When you make payments towards your credit card, those need to be made as deposits. These amounts will lessen your debt. The ideal is to get that credit card balance to zero and keep it there

I hope this helps!

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Randy Knoble
Splasm Software
www.Splasm.com

Thank you so much, Randy! This helps a lot.

Didn't think of changing the starting balance.

I have been using the manual add Deposit
called it = All accounts adj (so the side bar All accounts -total- will be right)
I just keep changing the amount (and date) so the balance is $0.00 (Visa account)

Guess this about the same as changing the starting balance.

When I import it from the PNC bank (qfx) Visa, it comes in as red debit $-amount.
By having a Visa account, I can file purchases to a category.
The category seems to work best for the summary graphs.

Just my -.02

okay that's great because you save the money but which process do you prefer to use ?

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wartrol