Income v Expense Report - Improvements

Am I the only one who finds this report limited in scope during the month.

Sure its good to compare completed months but during not so

It needs to add two options 

1 - Allow future data transactions for the months in question to be included 

2 - To compare as of todays date

As the report is more for comparison I think 2 would be better below is an example.

Say your looking at 4 months and the date is 20th April it would be good to have a filter so it only takes transactions from 1st to 20th for each month aka Jan Feb Mar April to give you a more meaningful view of how you're doing this month against prior periods.

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  • This doesn't exist because you don't need to forecast like that when you are following rule 1 and rule 2. My categories tell me how I'm doing this month. Since I'm not spending all my income every month, I don't much care how my spending compares to my income, only how my spending compares to its category. (The toolkit does have the ability to show a "pace" for a category, but I have long since realized I only care about that for Dining Out and it's  not that difficult to divide my monthly number by 4.) Some months I spend far more than my income. It would be meaningless to me to have a report that tells me that I have way overshot my usual spending for the first week of the month when I just used a category I've been saving up for all year to buy a $2,000 plane ticket and $1000 worth of hotels. 

    Reply Like 2
  • Hmm I wasn't really asking for the change to help with forecasting - I just wanted to have a use for the report, as for most of the of the month its a pointless report looking at the current period.

    The logic of category to budget comparison and not taking any notice of the spend per month implies that the report has no use anyway.

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      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 1 yr ago
      • 2
      • Reported - view

      Magenta Boat The report does have uses. Figuring out totals and averages over a certain period of time. I use it to make sure my Income Replacement fund is still in the right place based on average monthly spending in the previous year. I use it to get annual totals for certain categories.

      But yeah, reports themsleves aren't all that useful because with an allocation budget you really don't need them all that much. I've been using YNAB for about 4 years now, and I almost never look at the reports, except Net Worth to see how I'm doing overall. And even Net Worth has limited use.

      But it's always been said that the most useful and important report is actually the budget screen.

      Reply Like 2
      • WordTenor
      • I arranged the menu, the venue, the seating.
      • WordTenor
      • 1 yr ago
      • 2
      • Reported - view

      Magenta Boat The question I ask is, how important is that infromation? And how does it differ from just looking at your category balances? 

      As you come to use YNAB more, you'll find the answer is "Not very." Spending from a rule 2 fund would blow any "comparison to last month" report to bits, without indicating anything meaningful with respect to how secure you are. Reports are good for a long, backward view. The short term view is the budget. 

      Reply Like 2
  • Hi Magenta Boat !

    When looking at the Income vs. Expense report, if comparing to previous months, I consider last month's spending to the progress made in the current month. For instance, even if we're only half way through the current month, I can think 'I'm on track to increase/decrease spending compared to last month' or 'I'm currently above/below the average of spending in this category, so I should spend more/less the rest of the month'. 

    It sounds like you're looking for something else in that report and you're more than welcome to tell our development team about it! You can now submit Feature Requests through this form! :)

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  • 1 yr agoLast active
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