Hi Kevin, I faced some confusion on getting started. I was moving from another envelope style software to MoneyWell. I put in my starting balance, marked it for the salary bucket, then allocated that income according to the amounts I had available in my envelopes on my old system. It took me a while to figure this out, though, since it isn't really explained in any of the tutorials.
The biggest problem I had was that I set everything up on 1/4/09. When I did my initial allocation based on my old system, those amounts now show as already allocated for January. This means that my January paychecks won't get allocated properly. I fixed this by changing my starting balance and my start cash flow date to 12/31/08, then changed the date of my initial allocations to 12/31/08. Now the expense bucket amounts from my starting balance show as left over from December, and my January paycheck has a perfect allocation. I realize now that it would have been better to split the opening balance directly into the expense buckets, since this doesn't affect the amount already allocated for that month. I think it would be helpful to have a tutorial (either text or video) that shows step by step how to get your starting balance into your expense buckets. Christina --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
