First time import after fresh start causing budget issues
I did a fresh start on 4/7/18 and entered the current (cleared) balance from my checking acct like usual. But when I did my first import, transactions prior to 4/7 came in, which throws off budgeting and checking register. Those transactions of course have not been accounted for because I started after they occurred.
What is the best course correct?
Hi Slate Blue Sander !
When transactions import from before your Starting Balance, you can either update the Starting Balance to what it was before those transactions, or you can delete those transactions. Either way, as long as the balances are accounted for, it should re-align with your bank account balance and keep things in line going forward. :)
How do I change the starting balance?
I started July 1 with that day's bank balance, but my "July" pay was deposited on June 28, so I paid a number of "July" bills immediately. Those are shown in June (obviously) and the starting balance doesn't reflect that a. I've paid them (so they're seen as overspending), nor does it give me enough in the starting balance to compensate for them. I'm not seeing a way to change that starting balance...
Things I've tried...
--moving the date of the transactions to July... but then I'm short that amount of $ because it wasn't included in the Starting Balance
--deleting the transactions... but then they show as unpaid for July, except they're not
--adding "money" to June to reconcile, but that's seen as income or something and all the numbers go wonky
Clearly I'm super confused. Help, please?
Ok, figured it out. Sort of. Under transactions/bank, I found the "starting balance" line and clicked the little + sign, added the amount I'd need to cover the "overages" from June. Then I reconciled/put that money in to cover the June categories.
It did something weird to the amount I have available to budget (increased it for July, even after "spending" the amount I'd added for June - but maybe the deficit had already been subtracted from money available?). BUT once I checked my bank account for the real balance and did all the math from what I'd allocated so far, the math adds up correctly now. So, magic!