I hate to beat this point, but I want to make sure I understand this
and possible request a feature change.
Let us says again we have one physical account, one income bucket (but
that really does not matter for this example), and one expense bucket.
Let us put $100 in the physical account, then into the income bucket,
and then into the expense bucket.
In the footer at the bottom it should say "1 transaction; 2/24/09
balance is $100.00; reconciled balance is [whatever]; buckets balance
is $100.00"
Let us do these different actions
1) If I make a transaction today for $100 expense against the expense
bucket, the footer line now says, "2 transactions; 2/24/09 balance is
$0.00; reconciled balance is [whatever]; buckets balance is $0.00
I tried this and it works.
That is correct; it should be an accurate picture of the physical
account and the bucket balances
2) If I make a future transaction (dated 2/28/09) for $100. If I am
highlighting the initial transaction (that put money in the account
dated 2/24/09), the footer will say, "1 transaction; 2/24/09 balance
is $100.00; reconciled balance is [whatever]; buckets balance is
$100.00". Now, I highlight the future transaction (dated 2/28/09),
the footer now says, "2 transaction; 2/28/09 balance is $0.00;
reconciled balance is [whatever]; buckets balance is $100.00"
I tried this and this is what happens.
Here is my point, in the #1 action, when I made a current transaction
(same day), the footer correctly decremented the amount from the
physical account and the bucket balances. But, when I made a future
transaction and highlighted it, the footer only decremented the
physical account but did not decrement the bucket balances.
If you are saying that the footer value for the bucket balance is not
effected by the selected transaction date like other data in the
footer, that is a bit misleading and makes that value a bit useless.
I would much rather have the bucket balance value change just like the
date balance value changes. That way, as I input future transactions,
like bill pays, I can make sure my bucket balances (in total) will not
go negative. That is an easy way for me to see the effect of future
transactions.
On Feb 22, 1:19 pm, Kevin Hoctor <[email protected]> wrote:
> On Feb 21, 2009, at 8:18 PM, Brian H. Mayo wrote:
>
>
>
> > I do not follow your answer.
>
> > The footer line that lists the totals changes as different
> > transactions are selected, which is a great feature to understand,
> > over time (in the future) what the totals (and buckets) will look
> > like. As I mentioned in the original post, the bank balances decrease
> > reflecting the money being taken from the bank account to satisfy the
> > transactions (like the paying of a bill). But, my problem is that the
> > bucket that is listed in the transaction is not changed.
>
> > Take this example, let us say we have 1 bank account, one income
> > bucket, and one expense bucket. I put $100 in the bank account.
> > First, the income bucket has $100 and I then flow that into a "water
> > utility" expense bucket. Let us say I create a future transaction (I
> > did an online billpay) to pay $100. I would highlight the transaction
> > and in the footer it would show the bank account at $0 (reflecting the
> > payment of the bill from that account), but the buckets balance would
> > show $100.
>
> > In your answer you mentioned the notion of "currently", but when you
> > highlight a future transactions, you are altering the footer totals
> > and (should be) buckets balance as well. You are changing the point
> > in time reference from now to then in the future.
>
> Brian,
>
> The difference is that the daily balances and sums (when you select
> more than one transaction) are all at the bank register level. This is
> the concrete layer in MoneyWell that lets you manage your accounts at
> the transaction level to make sure you are tracking every single
> activity.
>
> The buckets are on a different level. The cash flow level is less
> concrete and is designed to show you how much is being spent and is
> left to spend based on the envelope budgeting method. Your bucket
> balances for current activity (when you don't have the view filtered
> down to a specific month) only are affected by your spending plan and
> the transactions you've assigned to that bucket. You can see projected
> spending for your envelope method by showing pending transactions or
> ignore those by hiding them but filters don't affect the available
> bucket balances because changing those would skew your decision to
> spend or not to spend.
>
> You either have money left to spend in your Dining bucket or you
> don't. It shouldn't change based on what day of the month you are
> reviewing. I hope this helps. Our "Understanding MoneyWell" video
> tries to point out this difference as well.
>
> Peace,
>
> Kevin Hoctor
> [email protected]
> No Thirst Software LLChttp://nothirst.comhttp://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
-~----------~----~----~----~------~----~------~--~---
