Credit Card Account - Charges are not increasing balance owed
I have reset headers, clicked dated to sort several times? Any help would be appreciated.
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First of all don't use the amount column. There are actually 3 columns...Payments, Deposit and Amount and then the Balance column. Amount can be for either deposit or payment. Depending on the sign + or - in the Amount column it will also put the $ in the appropriate Payment or Deposit column.
Then sort the register in Date order with the newest date at the bottom. If you are not then click the DATE Column heading to sort.
Sounds like you're running a credit balance. Is the balance in red or black? Look back through your transactions and maybe you'll spot one that was entered backward. Or a payment in the charge column or a charge in the payment column. Look around back where this first started happening. Or maybe you are missing some charges?
If the balance is in Black, it means you have a credit on the card. Like if you overpaid the bill or got a refund for something you returned. When you enter a charge it will reduce (decrease) the credit you have available on it. And a payment will increase the balance.Also make sure you have the right starting balance. If it's zero you might need to add a beginning balance for when you started the account in Quicken.
The credit card balance you OWE should be in RED. If the balance is Black then it's showing the credit card company owes you and you have a credit balance. And then when you make a payment it's like the cc owes you more. So you need to go back though your entries and find where the balance switched to black to being in your favor.
See this for more info.....
https://www.quicken.com/support/positive-black-balance-credit-card-account
I'm staying on Quicken 2013 Premier for Windows.
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Thank you. The combination worked.-1
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Combination? Did you find a wrong entry?
I'm staying on Quicken 2013 Premier for Windows.
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