Microsoft KB Archive/176327

Money 98: Two Transactions in Bills After Debt Reduction Plan

PSS ID Number: Q176327 Article last modified on 08-19-1998

WINDOWS:98

WINDOWS

================================================================ ==

The information in this article applies to:

 == Microsoft Money 98 == 

= SYMPTOMS =

In the Financial Suite of Money 98 you can create a Debt Reduction Plan for debt accounts such as a credit card, line of credit account, or loans. The Debt Reduction Planner prompts you to create a new transaction in Bills to handle this debt. Money creates a second transaction in Bills for this account, even if you have an existing Automatic Payment (Apay) transaction in Bills to pay a debt account. Money does not automatically cancel the existing Apay.

= CAUSE =

The Debt Reduction Planner does not edit an existing Apay transaction. This is by design because an Apay amount cannot be edited. Payments to debts handled by the Debt Reduction Planner fluctuate in value.

= RESOLUTION =

If you want the Debt Reduction Planner to manage payments to this debt account, cancel the existing Apay. If you want to continue to pay a fixed amount on this debt, remove the account from the Debt Reduction Planner.

= MORE INFORMATION =

For information on how to cancel an Apay, please see the following article in the Microsoft Knowledge Base:

ARTICLE-ID: Q142768 TITLE : Money: How to Cancel Apays, Epays, and Send Bank Letter

Removing an Account From the Debt Reduction Planner
To remove an account from the Debt Reduction Planner, follow these steps:

  From the Home screen in Money, click Planner on the navigation bar.   Click the arrow to the left of Goal planner on the navigation bar, and then click Include Accounts.   Right-click the account in the Accounts in Debt Plan area.   Click “Move out of Plan.”   Click Remove Bill when you receive the message: Money is currently managing this debt for you. In removing the account from your plan, do you also want Money to remove its scheduled payment from the Bill calendar? 

If you don’t remove the bill, Money will set its amount to $0.00.

= Additional query words: w_money 98 apay woody planner debt =

Keywords : kbdta kbonline Version : WINDOWS:98 Platform : WINDOWS Issue type : kbprb Solution Type : kbnofix ============================================================================= Copyright Microsoft Corporation 1998.