Fresh Start Carry-over Issue

I did a fresh start for 2021.  In Dec. 2020 I had a Yard Care bill for $1,548.10 and the cheque has not been cashed yet, but I want my 2020 report to show the expense.  How do I do that neatly so it doesn't mess up my 2021 figures when the cheque actually does come out?

  What I did so far is:  I entered the $1,548.10 as an expense in 2020; subtracted the amount from my starting balance in 2021.  When the cheque is cashed, I figured I would not enter that into my 2021 budget.  However, I am wondering if that will throw off the balances between my YNAB chequing account and the bank account and I'll be having to adjust all year through.  I have not reconciled any of the accounts yet until I am sure they will be accurate and workable.  Suggestions? Corrections?

It feels wonderful to have a clean fresh budget; but the process isn't always fun.

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  • You did everything right, but I suggest you wait until the cheque is cashed to adjust the starting balance. This leaves the account balance accurate at all times.

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  • Thank you so much for your encouraging reply.    

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