We can't make it work!!

Jeanne Guy's Avatar

Jeanne Guy

23 Sep, 2018 08:04 PM

We have had our MoneyDance program for 3 years now and really like it. Only one problem: we can't seem to get the budget program to work. Are there step-by-step instructions somewhere?

Many thanks,

Jeanne

  1. 1 Posted by dwg on 23 Sep, 2018 08:45 PM

    dwg's Avatar

    Not a feature I use but have you had a look at the knowledge base articles on the topic:

    http://help.infinitekind.com/kb/budgeting-2

  2. 2 Posted by Jeanne on 23 Sep, 2018 08:54 PM

    Jeanne's Avatar

    Yes, thanks. I’ve pulled up the user guide and the info you sent.

    If we run into more problems, I’ll contact you.

    Thanks for now!

    Jeanne

    Jeanne Guy Gatherings
    www.jeanneguy.com

  3. 3 Posted by mhoggie on 23 Sep, 2018 09:00 PM

    mhoggie's Avatar

    I've messed around with budgeting and I have it working for me.
    Here are the issues I found.
    When you create the new budget, select the period as "Mixed Intervals (Old Style)
    I found the old budget style is easier to manage and the budget amounts automatically extend to the future month unless you limit it.
    Also be aware that you cannot budget transfers between accounts. I.E. Payment amounts to credit cards, loans, or mortgages. Earlier in the year MD still had that capability when using the "Old Style" budget, but for some reason they disabled it.
    So you have to capture payments to related principle and interest which unfortunately changes at each payment. Hopefully MD will address this in the near future, but there are some work around's to allow you to budget account transfers. It's just a matter of creating some custom categories that the budget will pick up.
    Here is a link to some discussion of how it can be done.
    http://help.infinitekind.com/discussions/budgeting/1488-budgeting-transfers

  4. 4 Posted by Jeanne on 23 Sep, 2018 09:02 PM

    Jeanne's Avatar

    Nice. Thanks!!

    Jeanne

    Jeanne Guy Gatherings
    www.jeanneguy.com

  5. 5 Posted by Mike Bray on 24 Sep, 2018 07:06 AM

    Mike Bray 's Avatar

    Jeanne, not wanting to put the cat amongst the pigeons. I would suggest the 'new' budgets intervals as they match how you might budget your business/accounts. There are a number of weaknesses in the MD budget features so I wrote a couple of extensions that help you create budget entries.

    The main weakness for me was the ability to work out an annual budget and spread it across the months/weeks. With MD out of the box you have to work it out for yourself and then copy the amounts into each period.

    Have a look at my Budget Generator that allows you to create a draft budget before pushing it into MD. I have also written a Budget Report extension that presents the budgets in a more readable format. See https://bitbucket.org/mikerb/moneydance-2015/wiki/Home and follow the link for Extensions.

    Of course, the choice is yours but if you do not understand anything post a question and I am sure I or someone else can help.

  6. 6 Posted by tony.cooper655 on 21 Nov, 2018 02:49 AM

    tony.cooper655's Avatar

    Old style gets my vote

  7. 7 Posted by Derek Pretty on 29 Dec, 2018 04:58 PM

    Derek Pretty's Avatar

    Have tried to use Budget Generator but the extension locks up when I try to use it.I have read the detailed guide. Have I missed an obvious step. A parameter appeared in the box. Do I use that first time?

  8. 8 Posted by Mike Bray on 30 Dec, 2018 06:14 AM

    Mike Bray 's Avatar

    Hi Derek

    Thank you for putting the issue on Bitbucket. I have left a reply there.

  9. 9 Posted by Mike Bray on 30 Dec, 2018 08:35 AM

    Mike Bray 's Avatar

    Hi Derek

    First time through there maybe an odd name in the parameter field, clear this out and put a name that will be the name of your parameter file.
    Then start to put your expense/income figures in. I suggest you enter a few values and then save so the parameter file is created.

    Mike

  10. 10 Posted by Mike Bray on 03 Jan, 2019 11:07 AM

    Mike Bray 's Avatar

    Derek, I have upload a new version of Budget Generator (2126) on the Moneydance-2015 site

  11. 11 Posted by Derek Pretty on 08 Jan, 2019 09:55 AM

    Derek Pretty's Avatar

    I can make it work for expense values but it still freezes for income?
    I have worked my way round as the number of values for income is small enough to do manually.
    Thanks
    Derek
    ________________________________

  12. System closed this discussion on 09 Apr, 2019 10:00 AM.

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