On Dec 13, 2008, at 10:34 AM, Dan Harrison wrote: > I have used MoneyWell for the past five months and really like the > design and cash flow concepts. Great work Kevin! > > I have one area where I would like your (or the user community) advice > and this deals with an area I call accruals. The concept is that we > all have expenses that do not occur regularly but need to be in our > budget. Examples would be automobile, landscaping, medical, and other > expenses. I initially defined a monthly amount in my spending plan > that flowed to the appropriate expense bucket. This works and the flow > of non-used expense money to the next month would handle the so called > accrual. What I found dangerous was the temptation to move this money > to other buckets which would not leave enough money when the actual > expense occurred. > HI Dan,
I'm very aware of this temptation and I am looking at ways to help users manage this better. This also plays into a 2.x feature we have planned for "Wish List" items. In switch from a reactive spending plan to a proactive one, it would be nice if I could say that I want to buy a new computer without using credit so I'll need to save $2000 and have MoneyWell track that for me. It should give me a thermometer type display for these items and alert me when I have enough set aside for this purchase. The trick is for MoneyWell to help me from dipping into this wish list money. This is being worked on because I truly believe that we are empowered when we walk into a store and pay cash for something instead of handing over control to Visa, Mastercard, or American Express. > My second attempt was to create income buckets where I would then > allocate the accrual amounts leaving the expense accounts for the > actual expenses when they occurred. I would transfer money from the > income accrual to pay the expense. This works well but I had to > create split transactions for all the accrual accounts when income was > deposited in the bank. I defined my income transaction as repeating > every month but it doesn't look like the application wants to repeat > split transactions (only the master transaction amount). Is it > possible to repeat split transactions? > Sorry about the splits not repeating. In 1.4, we added recurring transfers but splits didn't make the cut. That'll happen in the 2.x range. > Do you (or anyone in the community) have an approach for allocating > income into a holding bucket (accrual) and then transfer this to an > actual expense when the expense occurs? Peace, Kevin Hoctor [email protected] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ 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 [email protected] 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 -~----------~----~----~----~------~----~------~--~---
