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mirandaciro

01 Jun, 2020 06:22 PM

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In the monthly budget I estimate a monthly expenditure of € 12.00 for example, my real expenditure will be € 10.00.
The following month I run "Copy and pass the previous period", MoneyDance copies the difference between budget and real of the previous period. Wouldn't it be more correct to read a monthly expenditure base and to calculate, based on the previous period, how much remains to be spent or how much remains to be recovered?

  1. System closed this discussion on 31 Aug, 2020 06:30 PM.

  2. mirandaciro re-opened this discussion on 09 May, 2021 10:39 AM

  3. System closed this discussion on 09 May, 2021 10:40 AM.

  4. mirandaciro re-opened this discussion on 09 May, 2021 10:54 AM

  5. 1 Posted by mirandaciro on 09 May, 2021 10:54 AM

    mirandaciro's Avatar

    My tip is used in KMyMoney:
    each category in the budget has the expense per period parameter. For example:
    Electric Service: € 50.00 (Parameter)
    Budget by month:
    January, expenses € 0.00, budget = 50.00

    February, expenses € 90.00, budget (Electric service + Previous Budget - Previous Expense) = (€ 50.00 + € 50.00 - € 0.00) = € 100.00

    March, expenses € 0.00, budget (Electric service + Previous Budget - Previous Expense) = (€ 50.00 + € 100.00 - € 90.00) = € 60.00

    April, expenses € 110.00, budget (Electric service + Previous Budget - Previous Expense) = (€ 50.00 + € 60.00 - € 0.00) = € 110.00
    ...
    So I constantly know if I fit into my prediction.

  6. 2 Posted by mirandaciro on 09 May, 2021 11:20 AM

    mirandaciro's Avatar

    You might also find a loophole, add "Current Budget plus the difference from the previous period" to the menu:
    Adds the difference from the previous period to the budget set in the current period.

  7. System closed this discussion on 08 Aug, 2021 11:30 AM.

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