On Apr 7, 2009, at 3:09 PM, Blue Rover wrote: > I have just started using Moneywell and I am liking it so far although > I appreciate some continued use will help understand it better. > Hi Ed,
Welcome to MoneyWell! > I have set up a new document with a cashflow start of 01/04/09 and set > all my accounts with starting balances 31/03/09 including credit > cards. > > I have used the starting balance of my checking account as Salary and > I have allocated money to each of my buckets. All good so far. > > I have now entered transactions for April so far retrospectively and > future transactions taking into account Direct Debits yet to be > collected. Again from what I can see all good. Buckets where money > has been withdrawn and assigned to a bucket have had their amounts > reduced accordingly. > > However I have just noticed the Spending Plan and Allocate Income. I > select these and they have my Allocated Income but Planned Amount is > blank. > > Do I need to complete these and as I haven't will it mess up what I > have done, or mess me up later on for not doing it? > You do need to set up your Spending Plan and after that you can use Allocate Income to fill your buckets. Check out our video tutorials on this topic please. > Lastly and on an unrelated issue concerning Cash Accounts. Money I > allocate as Cash Only appears as an amount in Cash Account. Do I just > create transactions in this account to reflect where the money has > been spent and assigning them buckets like I would with any other > transaction? Do I have to reconcile these transactions if I have > reconciled the ATM withdrawal in my checking account? > You don't have reconcile these cash transactions and that's the power of the cash account. You can keep all your bank transactions clean (no need for splitting ATM withdrawals) and still track every penny of your cash spent. Just add your cash transactions to the Cash Account and you'll be all set. > Many thanks for your help / advice Let me know if you have more questions please. Peace, Kevin Hoctor No Thirst Software LLC [email protected] http://nothirst.com http://kevinhoctor.blogspot.com Check out our MoneyWell video tutorials: http://nothirst.com/moneywell/tutorials/ Join our user forum to learn about new releases: http://groups.google.com/group/no-thirst-software --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
