My bank account balances are not matching what I have in the total available sections of my budget.
We have been using YNAB since August and I am not sure if it is really working correctly. For some reason, the "Total Available" part of the budget is not the same amount as what we have in our bank account. It says that I have all this money set aside in the diffferent categories but when all is said and done we really don't have that much money set aside in our bank account. It looks great and makes me feel all warm and fuzzy that I have all this money available but it is just numbers. That isn't really available to me. Please help me figure out what I am doing wrong because I want this to work.
Hi, Turquoise Piccolo ! Let's get you feeling warm, fuzzy, and confident. :-)
There are some things that may cause Total Available in your budget to differ from the summary of your budget account balances.
These can cause your Total Available to appear smaller than the summary of your budget account balances:
- Money budgeted in the future will not appear in Total Available until the month in which you budgeted.
- Overspending on a credit card removes money from your Total Available (because the category is negative) but not your accounts (no cash has actually left your accounts).
These can cause your Total Available to appear larger than the summary of your budget account balances:
- The summary of Budget Accounts on the left-hand side is the total of your cash accounts minus any debt accounts. It's like a net worth of your Budget Accounts. Debt balances, however, are not subtracted in the budget. Total Available is all the money in your cash accounts.
- Overbudgeting adds money to your Available that isn't in your accounts. If your To be Budgeted number is red, this is at play in your budget.
Of course, it’s important to us that you’re able to trust your budget, so here’s a way you can verify every dollar in your bank account(s) is reflected in your budget – and not a dollar more.
1. Advance to next month's budget. (The math is easier there, because all overspending is covered.)
2. In the right sidebar, when no categories are selected, you’ll see your Total Available amount, which is the sum of the Available column.
3. Add that to the amount you have left To be Budgeted and any amount Budgeted in Future, if applicable.
Let’s stop here for a minute, just in case your To be Budgeted was negative. If it is, you would need to subtract it from Total Available, because that means you’ve given jobs to dollars you don’t yet have. Preferably though, you would go back to this month’s budget and budget less in a few categories until To be Budgeted is back in the green at $0.
4. Now, add up the cash in your budget. That includes checking, savings, and cash accounts, plus any positive balances on credit cards if applicable.
5. Your totals in step 3 and 4 should match, to the penny.
Now, if you’d like any dollars to be in a different category, you can confidently move money. :)
I'm having the same problem. I tried the steps you mentioned but it still doesn't balance!
I have a fairly simple budget and accounts, this month before I've started to budget, I have available more money than I actually have!!
Do you have any other advice? I can email a screenshot if necessary.
This may be similar to the issue I am having as the working balance does not reflect a change either positive or negative when my bank is synced and I have reconciled the statement. Each time I need to perform a journal entry and change my total after reconciliation. I am frequently on and now have to reconcile with the bank totals on a frequent basis vs. once a month as an average consumer might do with the paper balanced reconciliation. Maybe I am not entering data correctly or maybe the bank import/sync is not working correctly, but it does show available and is in YNAB but the working does not change. Frustrating, as I expect when a transaction has synced from the bank and I reconcile it the working balance should be a different value.
I am having the same problem and it's extremely frustrating. My "To Be Budgeted" amount is a couple thousand more than my banking account balances. This is really messing up my budgeting. This is supposed to help me budget and I'm failing using this program. I would do better using Excel like I used to.
Why doesn't the "To Be Budgeted" amount just equal the total of cash available in your banking accounts? It seems every month, my "To Be Budgeted" amount increases a little bit more than what I have available. It's totally screwing up my budgeting.
PLEASE someone help!!
I'm having the same issue. My To be Budgeted, at the top of November is a few thousand more than I have in all of my accounts combined. I followed the steps that April at YNAB Support offered 11 months ago and still come out roughly a thousand dollars more than I have in my accounts. What's up? (Thanks in advance.)
Wondering if I can have help on this as well. I went forward to February in my budget and I have no future items budgeted. The total available amount was accurate. It was what I had in my checking account plus what I had in my savings account. However I thought I was setting things up to have the "available" amount only add up to what I had in my checking account. Essentially I would like my savings to remain untouched and not something I take money from.
Right now when I flip to February the available column adds up to $680.61. But my checking account only has $380.61 . I feel like the fact the the difference being an even $300 is making it something obvious that I've done.
Any help would be appreciated!
Paul Reifenstein said:
is it as simple as adding $300 to the budgeted column in my savings category and then re-jigging my checking amounts so I haven't over budgeted
What do you mean by "re-jigging" your checking amounts so you haven't over budgeted?
Black Wok said:
why is the heading above the accounts called
To differentiate it from Tracking accounts which do not interact with the budget (a.k.a, your "spending plan" or your categories). You cannot even specify a category in a tracking account register.
Black Wok said:
you don't want people to think the money reserved for a credit card payment is included in their funds available for spending
Like any other category, money in the CC Payment category is reserved for that specific purpose. And in point of fact, you can choose to move those funds elsewhere. EVERY reallocation has consequences. Taking money from the Vacation means you cannot go on vacation (or at least spend as much when you do). If you're ok with that, go for it.
If you are ok with the consequence that you cannot pay as much toward your CC bill, then go for it as well. In other words, you are effectively choosing to finance something. That's your call, not YNAB's.