tag:infinitekind.tenderapp.com,2009-01-14:/discussions/budgeting/1181-budgeting-my-initial-balanceInfinite Kind: Discussion 2017-06-03T00:22:59Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/426912012017-06-02T23:05:51Z2017-06-02T23:05:51ZBudgeting my Initial Balance<div><p>Hello,</p>
<p>I'm not quite following what you describe. Are you saying that transactions that should be deposits are subtracting from the balance of your account? For example, you set the initial balance as $1000, have a deposit of $200, and the balance for the account is now $800?</p>
<p>Ethan<br>
Moneydance Support</p></div>Ethantag:infinitekind.tenderapp.com,2009-01-14:Comment/426912012017-06-02T23:12:49Z2017-06-02T23:12:49ZBudgeting my Initial Balance<div><p>No. Let's say the initial balance of my account is set to $1000 (upon account creation). I have downloaded transactions from my bank and those withdrawals have subtracted from said $1000. This is perfectly fine.</p>
<p>When I go over to my budget, I need to have that initial balance of $1000 counted as income, but the budget is showing 0 of $1000 because I have not entered a transaction under the Budget Category: Initial Balance. If I do enter a transaction (deposit) of $1000 under Income Category: Initial Balance, it satisfies the budget but now my Account Balance is $1000 higher than reality.</p>
<p>So I need to know how I can get my initial Account Balance recognized by my Budget.</p>
<p>Thanks!</p></div>thomasjoshuatag:infinitekind.tenderapp.com,2009-01-14:Comment/426912012017-06-02T23:25:13Z2017-06-02T23:25:13ZBudgeting my Initial Balance<div><p>Ah, I see, thanks for clarifying. The initial balance of any account does not affect things like budgets. Since it's the value of the account before your earliest transaction information, Moneydance does not put it in any category. Even if Moneydance were to assume this was income, it still wouldn't know how to categorize it, as it could be income from any number of sources.</p>
<p>If you want to have this show up in your budgets and reports, I'd recommend not entering in an initial balance for the account in Account -> Edit Account, and instead create a transaction for your initial balance, date it before your first 'real' transaction, and give it whatever income category is appropriate. This should avoid the duplication of the initial balance problem you describe in your second paragraph.</p>
<p>Ethan<br>
Moneydance Support</p></div>Ethantag:infinitekind.tenderapp.com,2009-01-14:Comment/426912012017-06-02T23:30:28Z2017-06-02T23:30:28ZBudgeting my Initial Balance<div><p>Got it, that did the trick. Appreciate the help!</p></div>thomasjoshuatag:infinitekind.tenderapp.com,2009-01-14:Comment/426912012017-06-03T00:22:58Z2017-06-03T00:22:58ZBudgeting my Initial Balance<div><p>You're welcome. Please let me know if I can be of further assistance,</p>
<p>Ethan<br>
Moneydance Support</p></div>Ethan