> n my case, I actually need to include the credit card balances in my > starting cash flow balance. This effectively negates part of my > checking account as those funds are reserved for future credit card > payments and should not be available for spending. > > In addition, when I download my transactions and see the credit card > payment, I do NOT assign it to a bucket on either side and therefore > have no need for a "Debt Repayment" bucket (since I track my credit > card accounts in MoneyWell). > > For anyone else in this same situation, did you handle it the same > way?
Lance, I do it exactly the same. When I first set everything up, I decided which accounts would be my "cash flow." For me, it was a Checking account, Credit Card, Savings account, and two Cash Accounts. I assigned each starting balance to an income bucket which effectively reduced my cash available by my outstanding balance on the credit card. I have many other accounts--Loans to businesses, IRAs, ESAs, Home mortgage, Money Market account that I do not treat as cash flow, but that I nonetheless track in MoneyWell. All that said, I want to be very certain that the accounts I listed above (Checking, Credit, Savings, and Cash) equal the total money assigned to buckets (income and expense). I've found it relatively non-intuitive to do that--in the past that's resulted in me having to run a calculator, spreadsheet, or the spotlight--it's been so tedious that I don't always check it now. But, I've given it some thought and ran some tests, and I came up with some simple steps that might get it every time... Hide Future Pending Transactions In MoneyWell, Future Pending transactions only affect bucket totals when you are Showing Future Pending Transactions (regardless of how many pending transactions are actually visible). Future Pending Transactions affect bucket totals, but they obviously do not affect account totals. Hiding Future Pending Transactions ensures that the buckets only include Cleared, Open, and Reconciled Transactions Select the All Transactions smart bucket Select the Cash Flow accounts Now select all non-pending transactions The "sum" and "buckets balance" values at the bottom of the page should be equal if all transactions are assigned to buckets and transfers are properly assigned The "sum" value is the total of all the transactions, which is also the total of the selected accounts The "buckets balance" value is the total of all bucket values (Cleared, Open, and Reconciled since the Pending transactions aren't included) Does anyone have a simpler way? It seems like an option to designate certain accounts as Cash Flow could allow this process be almost automatic if some logic were added to compare these totals automatically without hiding the Pending transactions and selecting transactions all the others for the purpose of the calculation. > Thanks, > Lance --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
