On Jan 5, 2009, at 9:02 AM, ciara belle wrote: > hmm - well regarding missing transfer links -- i understand that if > qif didnt export it you cant import it... shame though - if it was > 'just' historical i could see that.. but for me its live organic > data... what i have always done is create cash accounts for budgets > (i didnt like the way budgeting was handled in quicken...) - sort of > like the envelope method (before they called it that... :! since i > have been doing it this way since i was 15...) So i have an account > called pet budget, electrical catch up (the amount due at the end of > your annual electrical bill reconciliation), but i have an automatic > transfer from real accounts to the 'ghost' cash accounts.... every few > months i take a look at the full amount in that cash account -- lets > say my running background balance on electrical bill is only 700... > but my auto transfer of 200 a month is now at 1200... so i just delete > a few of the older transfers to reduce my envelope to 700... with the > link gone i cant do that :( > Hi Ciara,
Sorry, I've never heard of doing that before so the idea of changing transfers struck me as odd. But doing this still seems wrong if you're now going to use the real envelope budgeting in MoneyWell. Maybe you'll agree that it's not necessary after using it for a while. > next point; Payroll (example -- but it does the same on splits for > grocery store amounts - which is a net amount) > You stated: > > Why bother breaking these out? Don't you get a summary report of > your > payroll? Instead of spending all your time breaking out transactions > for tax purposes, just glance at your end of year report. MoneyWell > wants you to focus on cash flow instead of tons of detail for > reporting purposes. > > I have to assume your American.... I am Canadian and I just moved to > the USA... people get their W2's here - quickly and on time it > seems... in Canada its different.... Every company i have worked for > has taken till the last day to give it to me... and then sometime > still late -- and if you complain to the authority in charge of that > it takes 6 months to investigate it..(so not worth complaining)... > many times the historical y-t-d has been wrong... So i would rather > keep track of it my self.... and in quicken (canada) it did most of > the calculation automatically... I wanted to get my taxes in the > first Day they were accepting them - so i did all my taxes very > early.. i knew how much i would owe (never did but i could have some > time to put money aside if i did) and how much refund i could count > on... and cause i sent it in early - got my refund earlier than most > of my colleagues.. I got the interest on my money - not the > government :D > Even if we have a total, we can't file without government documentation. Also, most employers put a set of running totals on your payroll stub so even if you don't get your W-2 right away, you still have this information on your paycheck. > Glad the running balances is coming back... i really use that (again > cuase of the envelope method my real balance is regularly different > from the software... but running shows me my real balance too). > Sorry, you misunderstood me. I meant that running totals are not accurate. Banks don't care about how much money you have in the bank from transaction to transaction but instead have an specified hour of the day that cuts off your business day and gives you a daily balance. If this is 3 PM and you deposit a check for $5,000 at 3:30 PM, it doesn't matter that it covers your $200 deficit, you'll be considered over your balance. That's why MoneyWell does daily balances at the bottom of the window. It saves horizontal space in the table, is more accurate because the sequence of transactions is not absolute with most banks so it's hard to match up with statement, and it allows you to do ad hoc sums for multiple transactions (select several of them and it turns into a total of those transactions). > > re bank downloads -- not sure why i would contact the bank - quicken > can download from TD canada Trust.... and TD Canada Trust Visa, and > BMO Mastercard with no issues... it logs in - downloads - and logs > out... (well it did before i switched to USA....) > These may work with MoneyWell if they work with Quicken. I'll check into them and add them to our database. > > I will see if there is a way to check for that info in the qif (memo > etc on account). Same with categories.. i will see if i can open the > file.. > If this is a large export, it could be tough to look through the QIF file but you can open it with TextEdit and search for the zzzz type information easily. > Regarding sorting buckets -- that's great if you have say 10 buckets > -- but after import i have around 200... so way to many to drag and > drop.... glad your add alphabetical.... may i suggest you separately > alphabetize the income buckets from the others? (they are already at > the top which is great.. :))... its kind of hard to ensure they're all > there right now... i had a nested hierarchical scheme but seem to be > missing some (i will check the qif). > it was like so; > auto: > Maintenance (one for each car) > Fuel (one for each car) > License (one for each car) > Insurance (one for each car) > Loan / Lease (one for each car) > etc > > Again - i split out the car fuel per car - because in Canada you can > deduct various car costs depending on your business / employment type Alphabetical sorting was the only option prior to 1.4 and, as I said, I'll add back an option in the future to do an alpha sort but still allow you to manually move them around. But you may still need to rethink your bucket structure if you're going to do envelope budgeting. Having 200 buckets is massive and makes it very tricky to plan and track cash flow. 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 -~----------~----~----~----~------~----~------~--~---
