budget category


A

April

Hi

I am unsure as to why my budget questions cannot be answered...please can
someone advise me if possible, I have posted 2 other questions and had no
replies...Is it because it is not used by many people?

Please let me know why my category in my budget shows zero. I have entries
with amounts in the subcategory and Money is calculting a zero. Please can
you let me know why ?

Thank you
 
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C

Cal Learner-- MVP

Hi

I am unsure as to why my budget questions cannot be answered...please can
someone advise me if possible, I have posted 2 other questions and had no
replies...Is it because it is not used by many people?
To some extent, and certainly in my case. Plus, there is more than
one kind of budget. Long-time budget users will be using the
Advanced budget. So if you are going to ask budget questions, you
probably want to specify in the subject which budget you are talking
about. Then a user who uses your budget will be more likely to know
that the post is in an area they have knowledge or an interest in.

These are the current choices:
Essential Budget (new for 2005)
Savings & Spending Budget (new for 2007)
Advanced Budget (The oldest, but tricky to find for 2007)

This is a user group. You are probably to a point where you can
provide useful answers others too.

A really neat way to find prior postings in this group is to use the
Google Usenet Groups archive.

http://groups.google.com/advanced_group_search enter words that you
think would be in relevant posts into the "all of the words" box.
Enter microsoft.public.money into the newsgroup box. Consider
selecting Sort By Date.
 
A

April

Thanks for the link. In my other question posted a few days ago I did enter
that it was Advance Budget I was using ...??

I'm using Advanced Budget (2004.) I dont think I can provide answers yet
:( as I'm not advanced (more beginner) as I only use Money to a basic
level for a few months, and only a few features.

I am trying to learn how to setup Advanced Budget and it's not easy.

Are you able to assist me with my question?
 
K

Kindler Chase

April said:
Hi

I am unsure as to why my budget questions cannot be answered...please can
someone advise me if possible, I have posted 2 other questions and had no
replies...Is it because it is not used by many people?

Please let me know why my category in my budget shows zero. I have entries
with amounts in the subcategory and Money is calculting a zero. Please can
you let me know why ?
I'm not trying to hijack this thread :) I'm having the same problem as
well. I've seen similar posts in the archives, but no real solutions,
i.e., http://tinyurl.com/2yk2c7

Personally, Money 06, Advanced Budget.

Here's a sample line item of the zero (0) budget problem I see for
April, 06:
Category Actual Budgeted
Bill: Phone $135 $0 (my budget=$65)
Bill: Cable $78 $78 (my budget=$78)

And then looking into next month's budget (May 06), the same line item
shows:
Category Actual Budgeted
Bill: Phone $0 $130 (my budget=$65)
Bill: Cable $0 $156 (my budget=$78)

The April actual of $135 is correct, the budget is obviously incorrect.
Appears that next month is doubling my budget.

I'm wondering if the oddity is due to my only having been using Money
for a couple of weeks? (though there is 2 years of history in the accounts)

Also, from what I can deduct, the problem appears limited only to
objects that I have set up as recurring bills/transfers.

Any ideas why the budget is acting up? And/Or how to fix it?

Thanks!
 
A

April

I was advised that the figures in the 'Budget' column are derived from the
figures that you have entered within 'Bill Summary'. BUT I found that not
all the items in the 'Bill Summary' appear in the diaglogue box when using
'Autobudget' feature.

My other question: how is the income budget calculated? I have 'Wages and
Salary' setup within 'Bill Summary' so that shows up in the 'Budget'. BUT
what about the Interest Categories, these show up as ZERO in the 'Actual'
column and within the 'Budgeted' column there is an amount - how is this
calculated?

You've mentioned next month's budget. My next month's Actual is zero as
well because I have not entered amounted within that account yet.
Last month's 'Budgeted' is $0 - do you have a recurring bill within 'Bill
Summary'? This should be entered in the Budget but as above I found that not
all recurring entries are fed into the Budget.

I hope we get some feedback based on the above....
Kind regards.
 
K

Kindler Chase

April said:
I was advised that the figures in the 'Budget' column are derived from the
figures that you have entered within 'Bill Summary'. BUT I found that not
all the items in the 'Bill Summary' appear in the diaglogue box when using
'Autobudget' feature.
I'm thinking that the items in the bills summary that are not showing up
are items that have only been scheduled, i.e., yet to be paid.

My other question: how is the income budget calculated? I have 'Wages and
Salary' setup within 'Bill Summary' so that shows up in the 'Budget'. BUT
what about the Interest Categories, these show up as ZERO in the 'Actual'
column and within the 'Budgeted' column there is an amount - how is this
calculated?
Good question.
You've mentioned next month's budget. My next month's Actual is zero as
well because I have not entered amounted within that account yet.
Last month's 'Budgeted' is $0 - do you have a recurring bill within 'Bill
Summary'? This should be entered in the Budget but as above I found that not
all recurring entries are fed into the Budget.
Yes, I have several items in my recurring bills. I too see items in the
recurring bills that do not show up in my budget.

I'm making a guess here that none of this budget stuff will really pan
out until we have actual items in the recurring bills section that have
been entered and paid. I'm going to give it a month and see what
happens :)
 
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A

April

see inline..
Kindler Chase said:
I'm thinking that the items in the bills summary that are not showing up
are items that have only been scheduled, i.e., yet to be paid.
Yes, that sounds right. The items not showing up under the 'Actual' column
in the budget have not been paid yet. Therefore there is no entry in your
Bank Account either.

You can add in non-scheduled bills.
Good question.
I've just realised that I have my Wages and Salary setup in the recurring
bill summary so that is why this is entered in the Budget. But I still
havent worked out where the 'Interest' is retrieved from....? Any ideas?
Yes, I have several items in my recurring bills. I too see items in the
recurring bills that do not show up in my budget.

I'm making a guess here that none of this budget stuff will really pan out
until we have actual items in the recurring bills section that have been
entered and paid. I'm going to give it a month and see what happens :)
I've been using this for a few months. I think Money is not as intuitive as
I original thought. It doesnt appear to 'calculate' averages, but simply
takes the figures entered from recurring Bills.

I just realised that I am getting the same as you where the Budget was
doubled for one of my months for my Salary!!! Well I'd like to get twice
what I earn...what happened there??

:)))
 
K

Kindler Chase

April said:
see inline..


Yes, that sounds right. The items not showing up under the 'Actual' column
in the budget have not been paid yet. Therefore there is no entry in your
Bank Account either.
This is the problem, though. The items are in the recurring bills
section and have at least 6+ months of payment activity in the bank
account(s). The issue, as I see it, is that since I just created the
Recurring Bills in Money, none of them have been seen as 'paid' by the
recurring bills section. Does that make sense?

I've just realised that I have my Wages and Salary setup in the recurring
bill summary so that is why this is entered in the Budget. But I still
havent worked out where the 'Interest' is retrieved from....? Any ideas?

I've been using this for a few months. I think Money is not as intuitive as
I original thought. It doesnt appear to 'calculate' averages, but simply
takes the figures entered from recurring Bills.

I just realised that I am getting the same as you where the Budget was
doubled for one of my months for my Salary!!! Well I'd like to get twice
what I earn...what happened there??
:) As would I :) When you figure that out, please let me know ;)

Look for a post by Vadim Rapp dated today in a reply to the post: "Year
to date budgets?" I think he sums up the budget fairly well, i.e., for
all intents and purposes, the budget is not very practical due to the
way it calcs the figures.

I've spent too much time mucking around in the budget. I think I'll move
on to more important things, like getting out of the house :)
 
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A

April

What I've realised that the Amount "criteria" setup in Bill Summary plays a
big part in Budget. For example I've changed Wages and Salary to "Estimate
amount based on instance" would work out the average. If "This is a fixed
amount" is selected, the fixed amount goes into the budget.

Hope this helps :))
 

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