On Feb 26, 2009, at 11:14 AM, Mikey wrote: > Let me pick a specific example so I can better understand what I'm > doing wrong. > > Let's say I have $100 in my "Car" bucket as of 26-Feb. Now let's say > that on 26-Feb, I make an $80 car payment via my bank's bill pay > system but due to the processing delay, the bank dates the payment as > 3-Mar. I enter an $80 payment into Moneywell dated for 3-Mar and as > we have discussed, the "Car" bucket total will not change because it's > still February. Now let's say that I need some gas on 27-Feb and I > quickly glance at my "Car" bucket to see how much gas I can afford. > It says I have $100 available so I merrily run over to the gas station > and put in $25 of gas. When I get home I enter a $25 payment into > Moneywell dated for 27-Mar and as we have discussed , the "Car" bucket > total should now say $75 is available. > > When a few more days go by and it's now 1-Mar, I am now shocked to see > that I'm $5 overspent in my "Car" bucket even though at no time did my > bucket total lead me to believe that I was out of money. > > What should I have done differently?
I would have dated the car payment as 26-Feb because that's when I entered it. MoneyWell will set the reconciled date automatically for you so you'll also know the date it cleared by reconciling your account. It's hard to define exactly when a pending payment should be recognized in the bucket because you may get paid a few days prior to the pending transaction so you really did have more in there because a new allocation was about to happen. As with any system, there's only so much that can be automated so we need to keep the human element in there and recognize that a big expense is coming up but MoneyWell or any other system won't alert us about it until it's due. As MoneyWell matures, so will it's abilities to manage more complex scenarios. I'm working on some new controls for 2.0 to help with this process. Peace, Kevin Hoctor ke...@nothirst.com 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 no-thirst-software@googlegroups.com To unsubscribe from this group, send email to no-thirst-software+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
