one-time budget item vs. single yearly expense


D

dragonwing

Can someone explain the difference between entering something as a one-time
item and entering it as an expense that occurs yearly. For example, the
Money help files (I'm using Money 2004 Deluxe) uses the example of auto
insurance as something one might want to enter as a one-time item. I've got
things like that entered into my budget as regular expenses that are paid
yearly. I'm not sure that's right--and if it's not, I'm not sure why not.

Thanks in advance for the help!
 
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D

Dick Watson

The Annual vs. Monthly data entry is for your mental convenience in setting
the thing up. As you note, it all gets converted to monthly.
 
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C

Chris Cowles

True for annual vs. monthly entry directly in the budget amounts, not true
for annual vs. monthly scheduled bills, or using 'custom' schedules in the
budget. In the latter case, entering annual budget amounts in the months
they occur (Christmas?) will affect the budget only on that month. The
effect can be seen in the annual budget report.
 

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