My To Be Budgeted Sum in my budget is £880 short of the amount in my bank account.
The money is for a cookery course I have paid for by transferring the money from my physical savings account (recorded in my budget) in to my physical current account and then paying for it from my physical current account.
My budget shows the money in my savings account and the amount being paid to my current account, and the balance of my current account in the budget column on the left matches the balance in my actual bank account.
I can't work out how to increase the sum to be budgeted with out adding in £880 my current account, but then increases the balance in my current account in the column on the left of the left.
Can anyone help please?
In order to verify that your accounts in YNAB are correct, don't use the TBB number. Instead, reconcile your account registers. This means checking that each transaction shown in the YNAB account registers matches the record of your bank (plus any pending transactions). Then, so you don't have to do the work of going through each transaction again, click the reconcile button in YNAB and it will lock your transactions.
Typically, your TBB should always equal 0 because your money should be allocated to various categories (unless you're in the process of budgeting, of course).
Once you're reconciled (which might solve your problem, my guess would be with an incorrect starting balance), I'd budget for that course (which I'm assuming is showing overspent in the budget, since the transaction is already there), then figure out where to unbudget money to make the TBB 0 again. Sometimes the decision making is easier that way.
Important! This process of deciding where to cut the budget by looking at a negative TBB number only works if you have not budgeted into any future months. :)
Hi Sky Blue Network !
I wanted to leave a quick link to our reconcile Help Doc. If your account balances are correct, then the funds included in your budget are, as well.
When you have a moment, follow these steps to do a quick self audit - this will guarantee the amount in your account(s) matches exactly with your budget in YNAB—no more and no less.
- Advance to next month's budget or the furthest in the future you can go, if you've been budgeting ahead. (The math is easier there, because all overspending is covered.)
- In the right sidebar, when no categories are selected, you’ll see your Total Available amount, which is the sum of the Available column.
- 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 funds 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 zero.
- Now, add up the cash in your accounts. That includes checking, savings, and cash accounts, plus any positive balances on credit cards if applicable. Be sure to check through your closed accounts and add any positive balances as well. (If you find a positive balance in a closed account, you may need to delete scheduled transactions and/or reconcile the account.)
- Your totals in step 3 and 4 should match up exactly.
Now, if you’d like any dollars to be in a different category, you can confidently move money.
Let me know if you still have questions, I’m happy to help!