OK, I understand the design there, but cannot agree that a running balance relative to transactions is "not correct".
A running balance is useful for posting future dated bills and transactions and seeing immediately when the account balance might need attention, especially if there are transfers between checking accounts and credit cards that are future dated. Sure, you might argue this should be taken care of via the cash allocation and buckets, but that's quite a workflow leap for someone coming from 10 years of MS Money or Quicken. Perhaps I am old fashioned, but I work for an investment bank on the balance sheet and risk side, and cannot imagine using a financial tool that will not tell you at a glance your real and value balance, at any point in time. It'd also make trouble shooting missing items a lot easier, especially just after a import at the start of migrating to Moneywell. Not sure if I am sounding inflexible here, perhaps my professional background is interfering with my home finances, but I have never been overdrawn on my checking, mainly because I use this method. On Feb 6, 2009, at 2:30 PM, Kevin Hoctor wrote: > > On Feb 6, 2009, at 1:03 PM, Zoolook wrote: > >> Not sure if I am missing some obvious functionality, but I cannot see >> a way of viewing my running balance in the main register view. Is >> there a way of doing it? > > > Instead of showing a running balance column, MoneyWell shows you a > daily balance at the bottom of the main window. This is actually more > accurate than a running balance because financial institutions don't > process individual transactions as they happen but instead wait until > the end of business day cut off to post your balance. The running > balance has been popular because it emulates the old checkbook > register we have used but isn't really correct in relation to the > world of banking. > > Peace, > > Kevin Hoctor > [email protected] > No Thirst Software LLC > http://nothirst.com > http://kevinhoctor.blogspot.com > > > > Mark Hall --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
