"monthly" budget and transfers?

ibrewster's Avatar


10 Jun, 2017 03:08 PM

Being able to budget transfers is an essential part of ANY budget. Of the money that I earn each month, 15% goes to retirement savings, 30% of a portion goes to a savings account to pay taxes, a significant chunk goes to pay the mortgage, many people have to budget a chunk to pay credit card debt, perhaps a portion of the money available in the month comes from savings, or goes into savings, etc. While I can only speak for me, I'd be shocked if transfers weren't a significant portion of the budget for anyone trying to make a budget. As such, being able to budget transfers is essential to making a usable budget.

Using a mixed-period budget I can handle this - after all, transfers are just another category, and can be easily added to the budget. Granted, it gets confused for reasons not known to god or man if you have both transfers to and from an account in the same period, but at least I can have it in the budget, and in the common case (like a mortgage or credit card payment) where the transfer only goes one way, it works.

I can't, however, see any way to budget transfers in the much nicer/easier to work with "monthly" budget. This lack essentially makes the monthly style budget completely worthless for any practical use. I could probably work around it by making dummy categories for the transfers, but of course that would never reflect the actual money flow. Can I expect this glaring oversight to be fixed any time soon, or do I have to simply keep using the old-style "mixed period" budget indefinitely? Or am I just missing something that will make the monthly budget useful for something? Thanks.

  1. Support Staff 1 Posted by Jenny on 13 Jun, 2017 11:25 AM

    Jenny's Avatar


    The budgeting system in Moneydance currently only supports budgeting for income and expenses. Transfers to other accounts are not supported in the budgeting system by design.
    As the transfer is from one account to another, it does not effect your net worth and budget in the same way an income or expense category will.

    There is an existing suggestion ticket in our system regarding this feature, so I have attached the ticket to this discussion and will pass your feedback to the development team. Attaching the ticket essentially counts as a 'vote' towards this features implementation.

    Infinite Kind Support

  2. 2 Posted by ibrewster on 13 Jun, 2017 01:54 PM

    ibrewster's Avatar

    I see, thank you. I guess we have differing views on what a budget is, then, because in my mind a budget is “were does my money go?”, which means it needs to account for ALL of the money flow, not just that which changes the net worth. As such, this is not a “feature request”, but a MAJOR BLOCKING BUG. It is, quite simply NOT POSSIBLE to make a budget with the current system - huge chunks of money, such as that for paying the mortgage, CANNOT be accounted for. I can’t stress this enough - the budget feature, in its current form, is UNUSABLE for anyone who wants to make a real budget.

    But as I said, apparently you guys have a different view of a budget, one that doesn’t actually need to account for cash flow, only what actually changes net worth. And the current budget does do that. I can’t imagine how this would be useful to anyone, but I guess my imagination is limited. So, my apologies for my incorrect views of what a budget is, and the irritation I’ve expressed as a result of that view. I’ll limp along as-is for now. Thanks for attaching this to the “feature request”, hopefully it can be implemented in the near future.

  3. System closed this discussion on 12 Sep, 2017 02:00 PM.

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