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Minimum Balances |
Problem The user doesn't know what to put into the Minimum Balance field for a checking account, credit card account, or loan account. This applies to any version of Goldenseal small business accounting software. Diagnosis Goldenseal accounting software will warn when the account balance goes below the minimum, so it should be the $$ amount at which the user wants that to happen. Solution For a LOAN or CREDIT CARD-- enter a negative number for the credit limit. For example, if the credit card has a $13,500 credit limit, enter -13,500. HINT-- If you want to be cautious, you can enter an amount slightly smaller than the actual limit. For a CHECKING or SAVINGS account:
Comments Click for other Accounting Software Answers. Entered 2/6/06 by Dennis. Updated 10/23/2010. |