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Setting up a Budget

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Gina

May 15, 2016 @ 09:59 PM

When I go to the on-line instructions it says I should have a window that pops up after creating the budget and I don't so I'm unable to follow the instructions. Is it possible that your instructions are for a newer version than what I have?

1. Support Staff 1 Posted by Jenny on May 16, 2016 @ 09:37 AM

   

   Hi Gina,

   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.

   If you can let me know the budget type you're currently using, then I'll be able to provide more assistance so we can get this setup.

   Jenny
   Infinite Kind Support

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2. System closed this discussion on Oct 02, 2016 @ 02:35 AM.