How to balance or reconcile an account in Money (76422)


The information in this article applies to:

  • Microsoft Money Deluxe 2006
  • Microsoft Money Premium 2006
  • Microsoft Money Small Business 2006
  • Microsoft Money Standard 2006
  • Microsoft Money 2005 Deluxe
  • Microsoft Money 2005 Premium
  • Microsoft Money 2005 Small Business
  • Microsoft Money 2004 Deluxe
  • Microsoft Money 2004 Premium
  • Microsoft Money 2004 Small Business
  • Microsoft Money 2004 Standard
  • Microsoft Money 2003 Deluxe
  • Microsoft Money 2003 Deluxe and Business
  • Microsoft Money 2003 Standard
  • Microsoft Money 2002
  • Microsoft Money Deluxe 2002
  • Microsoft Money 2002 Deluxe and Business Edition
  • Microsoft Money 2001
  • Microsoft Money 2000
  • Microsoft Money 99
This article was previously published under Q76422

SUMMARY

This article describes how to balance or reconcile an account in Microsoft Money.

MORE INFORMATION

To balance or to reconcile an account, follow these steps:
  1. Open the Account Register for the account that you want to balance, and then click Balance this Account.

    Note If this is the first time that you are reconciling this account and you receive the Why Balance? dialog box, read the information, and then click Next.

  2. Enter the information from the bank statement. To do this, follow these steps:
    1. In the Statement Date box, type the date of the current statement. Select the Ending date or the Closing date on your statement.
    2. In the Ending balance box, type the ending balance from your bank statement.
    3. If the statement shows the interest earned or the service charges paid, enter these details.
    4. Click Next to continue balancing the account.

      After you click Next, the statement Starting Balance is verified against the Starting Balance that Money has calculated for your account.

      If you receive a Starting Balance Discrepancy dialog box, follow the instructions that appear in the warning message to resolve the error. If the starting balance is correct, you are taken to the balance screen. Your unreconciled transactions appear in Top Line Only view.
  3. Mark every transaction that has cleared the bank as cleared. To do this, follow these steps:
    1. For each transaction that you want to clear, click the C column.
    2. After all the transactions are cleared, click Next.
  4. If Money detects a difference, you receive a message that explains how to correct the problem.
When the account balances correctly, you receive a confirmation message. Money marks each cleared transaction as reconciled, and then you are returned to the register view.

If you experience additional problems balancing your Money accounts, you can view the Money Help topics that are related to balancing. To do this, type balancing in the Search box in Money Help. You will find a main heading of "Problems with balancing accounts".

Click Play to view this streaming media demonstration.

REFERENCES

For more information about this topic in Money, see your Money User's Guide or the Help topics that are associated with balancing.
Modification Type:MajorLast Reviewed:8/2/2006
Keywords:kbui kbhowto KB76422
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