Lance, I agree wholeheartedly! I just wish there were away to setup MoneyWell to ensure integrity.
Perhaps a process could be implemented in a future iteration where you could identify when you setup the document which accounts should be included as cash accounts. From there, it's easy to identify your starting cash flow amount--all you would need to do is assign a date. When the date is assigned, MoneyWell knows what the account balance of your cash accounts was on that date and it could allow you to assign that money to your income buckets for your starting cash flow. This process would probably dramatically simplify the initial challenges of starting with MoneyWell. In fact, if someone is just getting started with the software, and they fall off the wagon after the first month, perhaps they could be allowed to change the cash flow start date, which would basically hide bucket assignments prior to that date and make all money in cash accounts on the newly selected date available in an income bucket again. Thus, a person could "start over" with bucket tracking without losing the transaction data. Then, MoneyWell can identify when a transfer or transaction is not appropriately assigned to a bucket (since assignments follow a certain set of "rules," they would be easy to enforce). Blair On Apr 16, 2009, at 6:27 PM, Lance wrote: > > On Apr 16, 4:01 pm, The Watkinson Family <[email protected]> > wrote: >> On Apr 16, 2009, at 5:15 PM, Druzyne wrote: >> >> This one issue has been brought up at least as much as any other >> issue... and every time, it is very difficult to analyze the cause >> for >> out-of-balance relationships because of a variety of factors >> involved. What Lance says is true, however, that the checks are >> relatively mechanical and could be enforced by the program. >> Furthermore, most of the time, the reason the numbers are out of >> balance aren't due to intentional differences in starting cash flow, >> but usually because of a misunderstanding in how to apply transfers >> to >> buckets, or what starting cash flow is, or the nature of money flows, >> etc... If this is the case, a difference, even positive, isn't much >> of a comfort because this misunderstanding could create a negative >> relationship very quickly. >> > > Hey Blair, > > Looks like you just beat me to the reply, but I think we're basically > saying the same thing. > > Representing every dollar in your spending accounts in a bucket (even > if you don't intend to spend it) has many advantages and no real > disadvantages. There ARE many disadvantages to not doing this, and I > have yet to see a compelling advantage you would gain by not doing > it. > > -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 -~----------~----~----~----~------~----~------~--~---
