How Do I set up a budget

Larry's Avatar

Larry

21 Apr, 2016 11:20 PM

I'm new to Moneydance. How do I set up a budget on an annual basis for the various expense and income categories?

  1. Support Staff 1 Posted by Jenny on 22 Apr, 2016 09:01 AM

    Jenny's Avatar

    Hi Larry,

    In Moneydance 2015, there are two budget formats - Mixed Interval/Older budgets, and the Newer budget format.

    Go to Tools --> Budget Manager --> New. You can then enter the budget name and the period.

    Selecting either Weekly, Biweekly, Monthly or Annually will create budget using this time period, and the newer budget format, which you can read more about here. Once you have created your budget, you have to close the budget manager window, then select your budget from the left sidebar column of the Moneydance window to access and edit it. With this budget format, to set the amount, click the right number (it'll be 0 if you haven't budgeted anything for that category) and enter the amount that you want to budget for that category.

    When creating a budget, selecting 'Mixed Interval' as the period will create an older style budget, which can have categories with different time intervals. You can read more about this budget format here. You can create a Mixed Interval Budget, then select it in the side bar; then you can select 'Edit' at the top right of the register which will show the 'Edit Budget' window. In this window, you can add, edit and delete the budget categories.

    Before creating your budget, you may wish to add, amend and delete some of your categories. You can do this within the Tools --> Categories menu.

    I hope this information is helpful, please let me know if you have any questions or if I can be of further assistance.

    Jenny
    Infinite Kind Support

  2. System closed this discussion on 30 Jul, 2016 03:52 AM.

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