On Apr 17, 2009, at 9:17 PM, Jaysen wrote: > So if you do "enforce integrity" please give some of us the ability to > ignore integrity to some extent.
I started using MW pre 1.0 because it was great then. Downloading didn't exist yet, so now it's fabulous. Right from the get-go I used only moneyflows for keeping track of spending and making sure I had funds allocated for upcoming expenses. Plain and simple, my buckets told me all I needed to know. I never looked at my checking account balance because it told me nothing. Oh sure, it told me what my bank balance was at any point in time according to all my manual entries, but that didn't mean anything either since there were never ending delays as to when any transaction might show up at the bank. OK, so now we have downloading capabilities, Now I don't have to do hardly any manual entries. Plus downloading automatically updates my checking account balance, almost. New transactions that show up at the bank that day are listed under Pending. They don't get finalized at the bank until the next business day. So even though the bank may show it to be pending, those transactions aren't available for downloading until the next business day. So right there that means my buckets and what MW shows as a balance in my checking account isn't real. So what's the point of constantly trying to verify my buckets against my account? I do not use MW to spend time constantly worrying whether my moneyflows are accurate. When I move money from one bucket to another, I have to take it on faith that Kevin doesn't sneak in some vicious code to screw his customers. Either adding and subtracting works in MW or it doesn't. If it doesn't, then I can never trust MW to be accurate, so I'd stop using it because it's crap. Well, I'm still using it. Even if, somehow, my moneyflows became totally useless at any point in time, I can always restart at the beginning the current month with a clean slate. That's the only time I have to make sure my buckets equal my bank balance. I use MW to keep track of the accounting for three businesses, mine and two for my son. MW is a dream machine for business accounting, even though Kevin didn't design it for that. But the moneyflow feature is the reason I bought MoneyWell instead of any of the other Mac accounting apps, and I tried a few of them. All the other non- envelope method apps are backward looking, showing me where I've been. All the other envelope method apps I used were just too darn complicated and confusing. I was constantly wondering where I stood because the User Interfaces were so unfriendly. As far as I'm concerned, Kevin has nailed it: simple, elegant, and down right easy on the brain. I do screen all downloaded transactions. I also attach scanned receipts to all expense transactions that are random, non-recurring. Bank transactions are handled by the bank, and MW provides me a copy in the transaction registers for my records. I don't worry about that part unless an error shows up. Bottom line, I don't concern myself very much with the banking part, that's past history. My daily concern is moneyflow and what's coming up. I trust MoneyWell for that part of business finances. Terry Norton I started off with nothing...I still have most of it left. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
