Budgeting: Allowing Accounts (Instead of only categories)

Brian's Avatar

Brian

19 Dec, 2009 02:52 PM

I have set up multiple loan accounts to keep track of my student loans. I know envelope budgeting isn't a feature yet, but it would be helpful if I could choose my budget to include money that is transferred into another account (The Account name is the "Category").

Say I take $50 from "Checking" and put it into "Stafford Loan". "Stafford Loan" is my category (which links the transaction to my loan account in MD). Unfortunately though, I cannot use account names in the budget manager - only Income/Expense categories.

And I cannot assign the same amount of money to two separate categories. Hrm.

  1. 1 Posted by Ben Spencer on 26 Jan, 2010 07:58 PM

    Ben Spencer's Avatar

    Hi Brian

    I am sorry I have not responded sooner.

    In the current version fo Moneydance you can specify account types other than income and expense accounts in the budget manager. The none income and expense accounts are at the top of the list. In the attached screen shot I budgeted 200 USD per month on a loan account.

    I am not sure what you mean when you say "I cannot assign the same amount of money to two separate categories. Hrm." Could you be a little more specific.

    Sincerely

    Ben Spencer

  2. 2 Posted by r.vleggaar on 19 May, 2010 11:35 AM

    r.vleggaar's Avatar

    I have a related query to the OP. I am setting up my Moneydance file.

    I set up an investment account for a mutual fund with a starting balance. I then created a security and purchased with the cash in the investment account, to assign all $ in the account to the security (say $5k).

    I then went to budget manager to set up a budget. One item is of course my regular contributions to my mutual fund say $200 bi-weekly. Under "Category" I select the mutual fund account.

    When I then look at my Budget screen, it shows "-$5k" in the budget bar.

    Shouldn't the spent money on the mutual fund be zero?

    I tried doing this a number of ways, including doing the budget first and account after and vice versa, with the same result.

  3. 3 Posted by Angie Rauscher on 23 Jun, 2010 03:57 PM

    Angie Rauscher's Avatar

    R.Vleggaar,

    I apologize for the lateness of our response to your query. If you are not using the most recent version (2010r3 build 751), please update to that version. You can download the update here. This update has resolved a few key issues our users have been experiencing, including some issues with budgets. Please let me know if your issue persists and we will look into other solutions.

    Please let me know if I can be of further assistance,

    Angie Rauscher
    Moneydance Support

  4. Angie Rauscher closed this discussion on 23 Jun, 2010 03:57 PM.

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