Budgeting between accounts
So I'm creating a budget for next year and can't seem to nail down actual vs budget for funds that are moving between accounts.
The scenario is moving money to investments (e.g. IRA, 401k, HSA). Budget is fine, but it appears that it is counting divreinvest as part of money moving into the account.
Any way to count only money that moves from one account to the other?
Oh, the other scenario is around self employment income. I have an 'invoices account' where I basically track receivables and the receivable is assigned to the income category self-employment. When I get paid I make a transfer from the invoices account to my checking account. The challenge with self employment is that my bills are sometimes paid in the following year and it screws up tax estimating. Trying to track to the account is pointless.
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1 Posted by dwg on 24 Oct, 2025 12:56 AM
Moneydance, as it stands, has not implemented cash flow budgeting. Someone more Au fait with the budget system would be better advise you on the workarounds to be employed for this.
I have raised the issue of the lack of cash flow budgeting with Sean.
Any Div transaction represents income, the fact that it is being reinvested is not interpreted by the budget system as something to be ignored. Ignoring any form of income could be considered arbitrary.
There are a couple of approaches you can take to get monies to show in the correct reporting year.
The simplest one is to see if the reports you are using have the provision to use the tax date in them, if they do switch to this and start to use the tax date field for those specific transaction, if there is no tax date Moneydance assumes Date = Tax Date.
The traditional approach is straight from accounting. It involves setting up at least one additional category and using the approach of Accrual Accounting to post transactions through the regular accounts and categories on the appropriate dates. Accrual accounting can recognise receipts and payments at a specific date even if payment/receipt occurs later.
2 Posted by mhoggie on 24 Oct, 2025 02:34 AM
just a user,
Yeah, MD ignores account to account activity for budgeting, but there are some work around methods..
Here is an example
https://infinitekind.tenderapp.com/discussions/budgeting/3773-budge...
3 Posted by netr@cer on 25 Oct, 2025 02:40 PM
Thanks all. Kinda what I thought but wanted to make sure I wasn't missing something.
System closed this discussion on 24 Jan, 2026 02:50 PM.