Tutorial for MD?

jacque.walston's Avatar

jacque.walston

27 Sep, 2019 09:28 PM

Is there a tutorial for setting up a new budget/account? Do I set up different accounts/budgets for checking and credit card(s)? Where do I enter budget items? indicate whether they are tax deductible so I can prepare a list at tax time?

  1. 1 Posted by derekkent23 on 28 Sep, 2019 07:27 AM

    derekkent23's Avatar

    I am not support staff, just a user.

    Take a look at https://infinitekind.tenderapp.com/kb/budgeting-2

    For other information see https://infinitekind.tenderapp.com/kb

    Hope this helps

  2. Support Staff 2 Posted by Maddy on 28 Sep, 2019 11:16 AM

    Maddy's Avatar

    Hi Jacque,

    I can see you’ve received a reply from one of our knowledgeable Moneydance customers.
    To add to this useful information, I thought it would be worth mentioning that there are two types of budget available within Moneydance, and you can read about them both in this section of the Knowledge Base.

    Go to Tools —> Budget Manager, and select ‘New’. You can then enter the budget name and select the ‘period’.
    Selecting either Weekly, Biweekly, Monthly or Annually will create budget using this time period, and the 'Newer' budget format.

    Selecting Mixed Interval will create an older style budget, which can have categories with different time intervals.

    I would recommend using the 'Mixed Interval' format. Using the budget type, you can amend the start and end date for each budget item, and they're not set as the specific month/year etc.

    Finally, it might be useful to see this article on Tax Related Reporting.

    I hope this information is helpful. Please let me know if you have further questions or need any assistance.

    --
    Maddy, Infinite Kind Support

  3. System closed this discussion on 28 Dec, 2019 11:20 AM.

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