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Old 08-09-2004, 11:22 PM
Dick Watson
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Default Re: entering historical expenses

You can enter and categorize historic transactions easily. The problem will
be what account to enter them and how to adjust those account balances to
deal with this. Think of Money like a check register. It has a starting
balance and all the transactions between then and now. Entering categorized
historic transactions is no problem. The problem comes in in dteremining
what the starting balance should be. You can even figure this out--you'd
just need to be aware of the issue. E.g., start at the July statement, enter
its ending balance as the Money Account beginning balance and enter all
transactions after that statement. For any transactions entered from that
statement or before, adjust the Money Account Beginning Balance accordingly.

OTOH, I'm not sure you gain much by doing it besides some basis for
trend-based budgeting and cashflow projection.

"brenda" <adevelop[at]aol.com> wrote in message
news:2f5f01c47e43$acf85140$a601280a[at]phx.gbl...
- quote -

> hello - i'm sure this is a really easy question. i've
> been tracking my variable expenses (gas, groceries, dry
> cleaner, clothes) on paper the last 6 months is there a
> way i can go in and enter every single expense i've
> reported over the last 6 months onto microsoft money - or
> does it only work going forward. it seems that you can
> enter monthly payments but i want something where every
> day i can come home and enter my receipts for whatever it
> is under pre-named categories...(plus have access to a
> summary of my past handwritten ones) thanks!!



  #-1  
Old 08-09-2004, 07:04 PM
brenda
Guest
 
Posts: n/a
Default entering historical expenses

hello - i'm sure this is a really easy question. i've
been tracking my variable expenses (gas, groceries, dry
cleaner, clothes) on paper the last 6 months is there a
way i can go in and enter every single expense i've
reported over the last 6 months onto microsoft money - or
does it only work going forward. it seems that you can
enter monthly payments but i want something where every
day i can come home and enter my receipts for whatever it
is under pre-named categories...(plus have access to a
summary of my past handwritten ones) thanks!!
 

Tags
entering, expenses, historical
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