On Apr 4, 2009, at 10:41 AM, Tony wrote: > "you must account for the Credit Card balance when initially setting > up your Cash Flow" > > I'm not sure what you mean or how I do that. Say I get a $500 check. > Deposit it into my Checking Account. On that deposit transaction, I'm > also selecting the Salary Bucket for that amount to go to for > spending. Is this the correct way to do this? Not sure how to > allocate only $400 of it to the Salary Bucket.
Hi Tony, To simplify this scenario, you start your cash flow with all your available spending money (usually your account balances) less any outstanding transactions. You only have to do this one time to get your primary income bucket set up. Then each time you add a deposit transaction, you assign that to an income bucket and allocate it to your expense buckets. What Blair is suggesting might be confusing because he is a bit more proactive with credit card payments. If you haven't spent the money yet, you can simply deposit the whole amount and then make your credit card payment when it happens. 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 -~----------~----~----~----~------~----~------~--~---
