There are two
ways to balance((Advanced Account Register only) Verify that your bank
balance and your Money account balance agree, after verifying
transactions and making adjustments for items entered into Money
that haven't cleared your bank. ) an account(A
group of transactions in Money for a single bank, brokerage,
retirement, loan, or credit card account. Accounts can also track
assets such as houses or vehicles, or investments that you want to
watch but do not own. See also watch account.) against a
statement(Bank or brokerage records of transactions processed in
your accounts. Statements can be on paper, or they can be
downloaded or imported from your bank's Web site. ) :
You can automatically adjust an account balance to match the
bank's balance by having Money do it for you.
You can manually balance an account against a statement by
reviewing every transaction(A
withdrawal, deposit or transfer of funds, or a purchase, a sale, or
an exchange of a security. ) in the statement.
Note: To perform this advanced task, you must
be using the Advanced Account Register. To find out which register
you're using, look for the Essential Register or
Advanced Register label in the upper-right corner
of the account register.
If you've set up online account updates or online services(Services provided by your bank or brokerage for common
banking tasks, such as paying bills, over the Internet. )
for a bank account, a credit card account, or a cash account for an
investment, Money can automatically adjust the account balance to
match the balance shown on your bank or brokerage statement. First,
you'll need to accept all downloaded statement transactions for the
account before Money can automatically adjust your account balance.
You can choose to have Money do one of the following things to
make your ending balance match your bank or brokerage balance:
Adjust your opening balance if it is currently zero.
Enter an account adjustment transaction that will be flagged
for you to follow up on later at your convenience.
Click Banking, click Account
List, and then click the account you want.
In the left pane under Other Tasks, click
Adjust account balance.
In the left pane under Other tasks, click
Change account settings.
Under Register Detail, click switch to
the Advanced Account Register.
Click Use Advanced Register.
Click the name of an account.
In the left pane under Common tasks, click
Balance this account.
In the Statement date box, enter the ending
date shown on your statement.
In the Ending balance box, type the amount
shown on your account statement. The amount in the Starting
balance box is the ending balance from the last time the
account was balanced.
Enter any service charges or interest earned during this
balance period, and then click Next. If you use
online updates, don't include any charges or interest that have
already been recorded by an online update.
Compare the transactions on your statement with those in your
Money account register.
For each transaction in the account register that matches(The process of combining two transactions in your
account register that are actually the same transaction. These
duplicate transactions typically occur when you enter transactions
manually and then download transactions from your bank.) one
on your statement, click the C (cleared) column to
mark it as cleared.
If a transaction was entered incorrectly in the account
register, click the transaction, and then make the correction.
If transactions appear on your statement but not in your
account register, click New, enter the transaction
details, and then click the C column to mark it as
The left pane shows your cleared account register balance and
the bank statement balance. When the difference between these
balances is zero, your account is balanced. In the left pane, click
Next, and then follow the instructions on the
When you update your accounts online, an E (for
electronic) appears in the C (cleared) column.
After you balance your account, the E changes to
an R (for reconciled).