On Mar 30, 2009, at 1:25 PM, Daniel Shanahan wrote:

> Thanks for your note, Kevin.
>
> It does mean Jan. 1.  I set the cash flow date to the beginning of  
> the year in order to keep my business transactions from my original  
> document.  There is no MoneyFlow for any of these transactions, but  
> that is fine with me.  I think the MoneyFlows will start with any  
> new transaction.
>
> Now that I've changed the cash flow date to Jan. 1, 2009, my buckets  
> have the correct amount, my salary bucket (the only income bucket I  
> have) shows the correct total of my checking accounts (personal and  
> business), and the bucket amount is correct (currently $0 as I have  
> not allocated any money into any buckets).
>


Daniel,

If you don't have any money flows but your have historic transactions  
from Jan. 1, 2009, you're cash flow is going to be very wrong. Here's  
why:

  1. Add payroll checks of $1000 twice a month for 3 months
  2. Don't allocate any of this salary for those 3 months
  3. Salary bucket will show you have $6000 to spend when I doubt you do

I may be missing something in your setup but unless you start cash  
flow and allocate starting at that point, the in and out flows of  
transactions will skew your actual amount in each bucket.

Also, having cash flow history doesn't help in most cases because it  
isn't as relevant as spending history. That's why MoneyWell allows you  
to restart your cash flow tracking at the beginning of any month so  
you can clean the slate.

Peace,

Kevin Hoctor
[email protected]
No Thirst Software LLC
http://nothirst.com
http://kevinhoctor.blogspot.com


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