Ledger Balance

Gerry's Avatar


26 Apr, 2022 01:02 PM

Why doesn't OFX download's bring the edger balance from the Bank with the other info. ? Is it a setting I'm missing or the Bank?
Thanks in advance.

  1. 1 Posted by Stuart Beesley ... on 26 Apr, 2022 01:13 PM

    Stuart Beesley (Mr Toolbox)'s Avatar

    Well it does/can. So perhaps depends on what your bank is sending?

  2. Support Staff 2 Posted by Maddy on 26 Apr, 2022 01:13 PM

    Maddy's Avatar

    Hi Gerry,
    Thank you for contacting Moneydance support.

    You can set the 'Initial Balance' (sometimes referred to as a starting or opening balance) when creating an account. This can also be altered at any time as outlined in this article of the Knowledge Base.

    If this is not what you are referring to, please send us a screenshot of what you're seeing.
    You can read instructions for taking a screenshot here:
    To add an attachment here, you should click on "Browse".

    Thank you

    Maddy, Infinite Kind Support

  3. 3 Posted by Gerry on 26 Apr, 2022 09:27 PM

    Gerry's Avatar

    Thanks for the response.
    You notice this has all $0.00 this is from my Charge card account I use it when I travel instead of my bank card I pay it off on the return or when I can.
    The other is the Credit Union $222.63 but no Ledger balance.
    The Ledger balance doesn't change stays at $0.00. With the credit card the starting balance would be $0.00 but doesn't change when I'm using my charge. If I add a beginning balance to the Credit Union at this point why would it start showing in the Ledger and not use the current balance?

  4. Support Staff 4 Posted by Maddy on 27 Apr, 2022 09:15 AM

    Maddy's Avatar

    The Ledger Balance is the balance provided by the bank. This includes all “outstanding” transactions such as deposits that are still pending clearance.

    Maddy, Infinite Kind Support

  5. 5 Posted by Gerry on 27 Apr, 2022 03:20 PM

    Gerry's Avatar

    If you notice on the CreditUnion.png Ledger Balance shows $0.00 but should show $322.63 the Cleared Balance the Ledger balance and Available balance should be the same in this instance. I have $100.00 on a outstanding check that gives me the Current Balance of $222.63.
       Is it the bank not sending the Info. or is it a setting I'm missing?

  6. 6 Posted by dwg on 27 Apr, 2022 10:21 PM

    dwg's Avatar

    There is no setting, one suspects the Bank is not sending that piece of data but only an analysis of what data is being sent/received could confirm that.

  7. 7 Posted by Gerry on 27 Apr, 2022 10:38 PM

    Gerry's Avatar

    Thanks I'll try getting with the IT department tomorrow.

  8. 8 Posted by Gerry on 05 May, 2022 07:44 PM

    Gerry's Avatar

    According to the IT dept. for the Credit Union, the OFX downloaded files contain a balance but he isn't sure why MD isn't recognizing it. He thinks it might be there is only one balance in the OFX file and MD is looking for two.
    It's not a big deal I just need to remember to write it down.

  9. System closed this discussion on 04 Aug, 2022 07:50 PM.

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