On Feb 25, 2009, at 11:51 AM, Nordica wrote: > ok, so i can't seem to get my buckets to where i feel comfortable that > they are accurate...starting with my Salary bucket. I've got my > planned amounts in the buckets in the spending plan ready to go for > the beginning of the new month...so, I assume all I have to do is > update my Cash Flow Start Date to the last day of this month, find out > what the balance of my checking acct is (plus uncleared transactions > and available cash) and enter that as the Salary Income Bucket > amount? Is that it? > Actually, you want to set your cash flow start date to the first of March. You want to set your starting amount to the balance of your checking account LESS any uncleared transactions PLUS any pocket cash. The reason you need to reduce the amount by uncleared transactions is that you have already spent that money but your account balance doesn't reflect it.
> btw, in that prompt window, it makes it sound like you can EITHER > enter the start date OR enter a starting cash flow amount for a single > income bucket...which would be better? i.e. when should i use one over > the other? You should set both of them. The only time the amount is optional is if you really don't have any money available to spend or you primed your main income bucket by assigning a starting balance transaction to it if it occurred in the same month as your start date. 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 -~----------~----~----~----~------~----~------~--~---
