One trouble I'm having with moneywell is keeping track of cash transactions.
Importing credit card and bank statements makes sense and is an easy way to upload this information and just put it into buckets. What is difficult for me is keeping track of cash transactions. Say I have $40 and spend $27.25 - does this come out of my bank account? If so, it is off and not reconciled with my statement. Do I have to have a separate 'cash' account and keep track of what is in my wallet at all times??? (it changes often :S and I'm worried that it will be a lot of work to keep track of what is in my wallet) How do other users do it? Do you reconcile your bank statements AND what is in your wallet - treating your wallet as a separate 'bank account'? Some tips would be appreciated... Thanks, G. PS. Quick question. When I'm importing bank statements, it always seems to create a new account rather than go into the one I want it to? How do I merge bank accounts again? On Nov 10, 10:23 am, Bill Nalen <[EMAIL PROTECTED]> wrote: > On Nov 10, 2008, at 10:05 AM, Patrick Burleson wrote: > > > I'd caution that this method can give you a false sense of your > > balance. I watch my accounts like a hawk and I've been balanced to the > > penny since sometime in 2000. I got this way because I was using the > > Yeah, I just meant that I "reconcile" to the balance on the web site > ad hoc vs. doing the monthly reconcile to the paper statement that > used to come. As long as I can reconcile between the bank's web site > and my MoneyWell account balance nothing can get lost. > > Thanks > Bill --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to no-thirst-software@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
