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| =?Utf-8?B?dGVkdno=?= <tedvz[at]discussions.microsoft.com> wrote on 10 Apr 2008 in group microsoft.public.money: - quote - > One of my several accounts in Money is a basic "Savings" account. It
Short answer: No> sync's up with my banks info and all is well. But, here's the thing. > I want to allocate portions of the account into different groups. > For example: Say my balance is $5,000.00, I might have $1,000 > allocated to future Car Expenses, another $1,000 allocated toward > some furniture we're saving to buy, and so on. Basically, I want the > Money Savings account to reflect the full balance as reported by my > bank to keep reconciliation basic and simple. But, I don't want to > have to maintain and update an Excel file like I do now to keep track > of the various sub-accounts that the $5,000.00 is allocated to. > Is there some handier way to manage this within Money itself so I can > just deal with one tool, keep reconciliation basic, and manage > different "sub-totals" for different future expenses that are being > saved for in my Savings account? Longer answer: Money has no built-in method for tracking subaccounts. You can fake Money out by creating multiple savings accounts, but you won't be able to balance the way you want. You could also use split transactions to allocate money to different categories, but you'd have to use a report to see where things stand. This questions comes up regularly. Use Google Groups to look for old message threads. A search for "envelope budget" would probably work. -- Steve B. New Life Home Improvement |
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| One of my several accounts in Money is a basic "Savings" account. It sync's up with my banks info and all is well. But, here's the thing. I want to allocate portions of the account into different groups. For example: Say my balance is $5,000.00, I might have $1,000 allocated to future Car Expenses, another $1,000 allocated toward some furniture we're saving to buy, and so on. Basically, I want the Money Savings account to reflect the full balance as reported by my bank to keep reconciliation basic and simple. But, I don't want to have to maintain and update an Excel file like I do now to keep track of the various sub-accounts that the $5,000.00 is allocated to. Is there some handier way to manage this within Money itself so I can just deal with one tool, keep reconciliation basic, and manage different "sub-totals" for different future expenses that are being saved for in my Savings account? Thanks. |
| Tags |
| account, subdividing |
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