On Oct 29, 1996 07:11am, BRUCE WILSON wrote to CAROLE CAPUANO:
 BW> On 27 Oct 96 04:00pm, CAROLE CAPUANO wrote to BRUCE WILSON:
 CC>> Why couldn't you set it up as a 'credit card' and reconcile it
 CC>> every month, unless your VISA isn't a credit card. I did it in
 CC>> Quicken 5 and I am also doing it in Quickbooks. Just curious why
 CC>> you would setup a liability as an asset.
 BW> With a perpetual credit (negative) balance, it's hardly an asset. :-)
Credit Card balances are liabilities which translates to credit balances or a
reduction of equity. I never said it was an asset.
 BW> With respect to Quicken 8 for DOS (which I'm using) it appears only
 BW> "bank" (i.e., checking) accounts can be reconciled, with transactions
 BW> cleared by the reconciliation process so they won't be carried over
 BW> into a new year.
Well then Quicken/DOS is limited, just like the OS.
... Platinum Xpress & WC!5 & Win/NT 4.0..... Perfect Together!!!!
--- Platinum Xpress/Win/Wildcat5! v2.0GP
---------------