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  #4  
Old 07-15-2005, 11:59 PM
Jeff P
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Posts: n/a
Default Re: Budget Problems ( Showin incorrect income )


"Kaine260" <Kaine260[at]discussions.microsoft.com> wrote in message
news:397AB4DE-D002-444F-A972-917240E4F8AB[at]microsoft.com...
- quote -

> > Thats because there aren't 4 weeks in a month. There are 4 and 1/3rd
> > weeks
> > in a month. (52 weeks per year divided by 12 months).
> > > If you really don't want the extra money, you're welcome to send your

> > extra
> > paycheck over to me whenever you have a 5th pay day in a given month.
> > > -Jeff
> > > > I understand all that but I was hoping money would just say I make 500.85

> per week not show the total per month. Is there a way to show it per week
> so
> when it auto enteres the pay check it puts it in per week not per month.
> Kaine260


It's going to average it all out together to get the rate. Whether you look
at it in terms of weeks, months, years, whatever, it'll still be the same
rate. Unless you fudge the info I suppose.

-Jeff


  #3  
Old 07-15-2005, 10:16 PM
Kaine260
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Posts: n/a
Default Re: Budget Problems ( Showin incorrect income )



"Jeff P" wrote:

- quote -

> "Kaine260" <Kaine260[at]discussions.microsoft.com> wrote in message
> news:1933E8C2-B947-4BD1-AFF7-A408B15512DB[at]microsoft.com...
> > Ok I just got Money 2006 but I noticed the same problem in 2005. The
> > problem
> > is when I put in my weekly income ( get paid on a weekly basis ) it tells
> > me
> > that I make more then what I actually do. Ut says totoal monthly income is
> > 2,177.80 when I only make 500.85 a week. Now I know 500.85 x 4 is not
> > 2177.80
> > it is something different. So how can I fix it so it shows the right
> > amount.
> > > Thanks
> > > Zack Paige

> Thats because there aren't 4 weeks in a month. There are 4 and 1/3rd weeks
> in a month. (52 weeks per year divided by 12 months).
> If you really don't want the extra money, you're welcome to send your extra
> paycheck over to me whenever you have a 5th pay day in a given month.
> -Jeff


I understand all that but I was hoping money would just say I make 500.85
per week not show the total per month. Is there a way to show it per week so
when it auto enteres the pay check it puts it in per week not per month.

Kaine260
  #2  
Old 07-15-2005, 05:26 PM
Jeff P
Guest
 
Posts: n/a
Default Re: Budget Problems ( Showin incorrect income )


"Kaine260" <Kaine260[at]discussions.microsoft.com> wrote in message
news:1933E8C2-B947-4BD1-AFF7-A408B15512DB[at]microsoft.com...
- quote -

> Ok I just got Money 2006 but I noticed the same problem in 2005. The
> problem
> is when I put in my weekly income ( get paid on a weekly basis ) it tells
> me
> that I make more then what I actually do. Ut says totoal monthly income is
> 2,177.80 when I only make 500.85 a week. Now I know 500.85 x 4 is not
> 2177.80
> it is something different. So how can I fix it so it shows the right
> amount.
> Thanks
> Zack Paige


Thats because there aren't 4 weeks in a month. There are 4 and 1/3rd weeks
in a month. (52 weeks per year divided by 12 months).

If you really don't want the extra money, you're welcome to send your extra
paycheck over to me whenever you have a 5th pay day in a given month.

-Jeff


  #1  
Old 07-15-2005, 03:17 PM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: Budget Problems ( Showin incorrect income )

In microsoft.public.money, Kaine260 wrote:

- quote -

> Ok I just got Money 2006 but I noticed the same problem in 2005. The problem
> is when I put in my weekly income ( get paid on a weekly basis ) it tells me
> that I make more then what I actually do. Ut says totoal monthly income is
> 2,177.80 when I only make 500.85 a week. Now I know 500.85 x 4 is not 2177.80
> it is something different. So how can I fix it so it shows the right amount.



WeeklyAmount / DaysInWeek * DaysInYear / MonthsInYear.
7 365.25 12

500.85/7*365.25/12 = 2177.80



 
Old 07-15-2005, 07:10 AM
harrelsonesq
Guest
 
Posts: n/a
Default Re: Budget Problems ( Showin incorrect income )

Multiplying your weekly paycheck by four doesn't give you a monthly income,
because there aren't exactly four weeks per month. What you need to do is
multiply $500.85 by 52 weeks, and divide by 12 months. A shortcut to the
same thing is to just multiply by 4.33.

I couldn't get your weekly check to come out to $2177, but any minor
variation in your pay, such as a raise, vacation pay, or a non-wage
transaction categorized as income, could contribute the extra $7 or so.

If you are upset by averaging weekly pay to come up with a monthly amount,
just wait until the Budget gets ahold of your power bill!

Normalizing expenses and income over time is NOT something that Money does
particularly well.

Susan

"Kaine260" <Kaine260[at]discussions.microsoft.com> wrote in message
news:1933E8C2-B947-4BD1-AFF7-A408B15512DB[at]microsoft.com...
- quote -

> Ok I just got Money 2006 but I noticed the same problem in 2005. The
> problem
> is when I put in my weekly income ( get paid on a weekly basis ) it tells
> me
> that I make more then what I actually do. Ut says totoal monthly income is
> 2,177.80 when I only make 500.85 a week. Now I know 500.85 x 4 is not
> 2177.80
> it is something different. So how can I fix it so it shows the right
> amount.
> Thanks
> Zack Paige



  #-1  
Old 07-15-2005, 06:33 AM
Kaine260
Guest
 
Posts: n/a
Default Budget Problems ( Showin incorrect income )

Ok I just got Money 2006 but I noticed the same problem in 2005. The problem
is when I put in my weekly income ( get paid on a weekly basis ) it tells me
that I make more then what I actually do. Ut says totoal monthly income is
2,177.80 when I only make 500.85 a week. Now I know 500.85 x 4 is not 2177.80
it is something different. So how can I fix it so it shows the right amount.

Thanks

Zack Paige
 

Tags
budget, income, incorrect, problems, showin
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