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Credit Card Balances in Parentheses

  1. #1
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    Default Credit Card Balances in Parentheses

    This might be a dumb question, but what does it mean when my credit card
    balance in the register show up in Red and in parentheses? Then, when I look
    at the Account Listing, the same credit card "Adj. Balance" shows in Black
    and without the parens.

    I'm confused. Can someone please explain this for me. Thanks!

  2. #2
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    Default Re: Credit Card Balances in Parentheses

    In microsoft.public.money, bver911 wrote:

    >This might be a dumb question, but what does it mean when my credit card
    >balance in the register show up in Red and in parentheses?


    It means you have a credit balance.

    If you don't actually have a credit balance, and it is a new
    account, it probably means you entered your starting balance as a
    negative number. That needs to be a positive number if you owe.

    > Then, when I look
    >at the Account Listing, the same credit card "Adj. Balance" shows in Black
    >and without the parens.


    The credit card balance is what you owe. You owe a negative amount
    if you have a credit balance.

    The account list works the other way; shows what you have. If you
    owe money, it is negative.



    >
    >I'm confused. Can someone please explain this for me. Thanks!


  3. #3
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    Default Re: Credit Card Balances in Parentheses

    Thanks a lot for your explanation. I understand now.

    B

    "Cal Learner-- MVP" wrote:

    > In microsoft.public.money, bver911 wrote:
    >
    > >This might be a dumb question, but what does it mean when my credit card
    > >balance in the register show up in Red and in parentheses?

    >
    > It means you have a credit balance.
    >
    > If you don't actually have a credit balance, and it is a new
    > account, it probably means you entered your starting balance as a
    > negative number. That needs to be a positive number if you owe.
    >
    > > Then, when I look
    > >at the Account Listing, the same credit card "Adj. Balance" shows in Black
    > >and without the parens.

    >
    > The credit card balance is what you owe. You owe a negative amount
    > if you have a credit balance.
    >
    > The account list works the other way; shows what you have. If you
    > owe money, it is negative.
    >
    >
    >
    > >
    > >I'm confused. Can someone please explain this for me. Thanks!

    >


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