Jump to content


Recommended Posts

I am a new UK user moving from MS Money. When I enter a "purchase" on a Checking account, the transaction reduces my balance by the amount correctly, however when I enter a "purchase" on a credit card account in the same way, it is shown as crediting my account. I have found that entering the amount as a negative value ( prefix with a - sign)  corrects this problem, otherwise credit card balances would show as assets not liabilities. The transaction amount is shown under the "Charge" column. Is this how it is supposed to work or am I missing something.


Link to post
Share on other sites

Hi Nigel, MoneyLine processes the transactions on your Credit account as-is. This means that if you enter the starting balance as $100 and then you enter a purchase of $50, this will increase the Credit amount to $150 as what is increasing is your credit and not decreasing your cash.  When you purchase with a credit account you are not using your cash, rather you are increasing your credit amount.

Link to post
Share on other sites
  • 2 months later...
  • 2 weeks later...
On 2/16/2020 at 12:43 PM, BShip said:

I don't seem to see a credit card payment made in the checking account being applied to the credit card account. What am I doing wrong?

You have to transfer from your checking account to your credit card account for this to work.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...