1 On the
navigation bar (The strip at the top of the Money screen where you can click to go to the different areas in Money.), click
Accounts.
2 At the top of the left pane, click the down-arrow
, and then click the account you want.
If you don't see the account you want, look for it under Other Open Accounts or Closed Accounts.
3 Enter transactions for any charges you havenÆt yet entered.
4 Click Balance this Account.
5 In Statement Date, type the closing date of your statement.
6 Enter the previous balance from your statement in Total amount you owed last month, and the new balance in Total amount you owe this month.
If the previous balance from your statement does not agree with the proposed starting balance, you may have forgotten to balance your account one month. Be sure to reconcile the previous monthÆs statement before proceeding.
7 In Service Charge and Interest Charge, type the amounts from your statement.
8 Optionally, assign a
category (A label that you assign to each transaction so that you can see spending and income patterns in MoneyÆs reports. Examples are Bills, Food, and Insurance. Using categories consistently helps you better track your spending.) and
subcategory (A subset of an income or expense category. For example, for a category called Bills, you could have a water subcategory and an electricity subcategory. The subcategory field is located just to the right of the category field.) for these expenses.
9 Click Next, and follow the instructions on the screen.
Why are my service and interest charges getting entered twice?
If you electronically download your credit card statement, your service and interest charges will already be entered for you. You wonÆt need to enter them again when you balance your account.
Play the Balancing an Account video.
How do I enter my transactions?
Why should I assign categories to my transactions?
How can I reduce my credit card debt?
How do I enter a credit card payment?
Tell me more about credit card accounts.