Original Message From BRUCE WILSON To BILL WHITE...
BW>úI've set up my Visa card as a reconcilable bank account, rather than
BW>úas a liability account, for this same reason. I "reconcile" it when
BW>úI get my monthly statement, just like the checking account; and the
BW>úpayments are handled as transfers to it.
That's very strange. This means that if you run off a Net Worth
report or Balance Sheet, the results will be incorrect, and NOT
refelct your true worth..., which is sort of deating the purpose
of the entire exercise.
Cheers...., Brian EMail: bhillis@pro-mail.com
Web: http://www.pro-mail.com
Fido: Brian Hillis@1:250/1004
* 1st 2.00 #11111bt * <------ Poker anyone..???? I have THIS many aces!
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* Origin: Pro-Mail Communications - Toronto Canada (1:250/1004)
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