Correcting account balance
Due to some old errors in my budget and transactions, I needed to do some corrections to May budget.
What I did was:
* Made sure all account balances were correct
* Made sure all credit card balances were correct
* Made sure all credit card "available" matched the credit card balances
The issue is that I had to correct one account with +5000 NOK to make it match the balance. What happened then was that the "Funds for May" increased with 5000 NOK, since the correction is an inflow on the account itself. This means that my budget has increased with 5000, but these 5000 are really not existing.
* My "Funds for May" before correction: 75 000 NOK
* My "Funds for May" after correction: 80 000 NOK
This means that I am asked to budget for these 5000 extra - but they are "not real". If I do this, there will not be enough funds in my accounts to cover the spending. I will have negative liquidity.
How can I get in sync? It is not an option to go back and fix months old transactions etc. I need to get in sync otherwise.
Edit: I found a fix, but I am not sure if I like it. I created an error account+and an error budget category. Then I budgeted those 5000k to that category, and made a payment from the error account with the error category. Then I was able to decrease the budget back to the correct amount. I am not sure if this was a good solution - I now have an error account that has balance -5000, which I will never get rid of...
I think I need to withdraw this discussion 😄. I see now that my thoughts were in the wrong place.
I thought for some reason that "Total budgeted" should match my available funds in my accounts today. But total budgeted should of course match my available funds at the start of the month. I have already done some spending.
But the important thing is that the sum of available matches what is in my accounts. Then I should be fine I guess.
But anyway I have also a fresh clean budget now... 😂