It is quite a workflow leap and one that you have to decide to make. I just started using MW after 10+ years of Money and iBank. Still wrapping my head around it but picked Moneywell to try a new way of looing at my money.
If your old method works. Stick with it. If you want a change give it some time. Lord know I asked some of the stupidest questions (in my mind) to try and wrap my head around all this. I finally just dove in... On Feb 6, 2:45 pm, Mark Hall <[email protected]> wrote: > 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 -~----------~----~----~----~------~----~------~--~---
