On 10-30-96 Bruce Wilson regarding Re: Cash & Quicken said:
|On 28 Oct 96 09:49am, Brian Hillis wrote to Bruce Wilson:
|
|BW> I've set up my Visa card as a reconcilable bank account, rather
|than
|BW> as a liability account, for this same reason.  I "reconcile" it
|when
|BW> I get my monthly statement, just like the checking account; and the
|BW> payments are handled as transfers to it.
|
| BH> That's very strange.  This means that if you run off a Net Worth
| BH> report or Balance Sheet, the results will be incorrect, and NOT
| BH> refelct your true worth..., which is sort of deating the purpose
| BH> of the entire exercise.
Sorry late to this thread, ALL Quicken networth reports are incorrect.
It provides no way to track Life Insurance (whole). As you know Life
accumulates a cash value as well as a benefit value, quicken can't
handle the situation. At least I've never been able to figure out how
to enter it nor have I ever seen any reasonable suggestions on how to
handle it.
 * WinQwk 2.0 a#470 * john23@sprynet.com
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