Budget Questions

[David T.]

Phil,

Thanks for the reply.
In the budget in question, I used the Estimate feature to establish the budget amounts based on past transactions. Every Expense account I chose has a budget number that is negative. What should I have done differently to get the positive numbers you say I should have?

David

> On Feb 16, 2016, at 4:29 PM, Phil Longstaff <phil.longstaff at gmail.com> wrote:
> 
> 1) You can assign budget amounts to asset and liability accounts. A budget
> for an asset account is the budgeted amount this account will increase. The
> budget for a liability account (e.g. a loan) is the budgeted amount this
> account will decrease.
> 2) In your example, you have budgeted that there will be $10 of income and
> $-10 of expenses i.e. you will get a refund for an expense account. I think
> you want $10 there.
> 
> On Tue, Feb 16, 2016 at 10:07 AM, David T. <sunfish62 at yahoo.com> wrote:
> 
>> Hi,
>> 
>> I have a couple of questions about how the Budget features and reports are
>> intended to work.
>> 
>> First, I have noticed a couple of things in the Budget window that I do
>> not understand:
>>   1) What does the Transfers total track? For me, that field is always
>> zero, so I wonder what it is supposed to contain.
>>   2) The totals for Income, Expenses and Transfers add up strangely. I
>> would expect that Income and Expense would offset one another, but they do
>> not. They both increase the Total. It looks strange to have Income $10,
>> Expenses -$10, Total $20. Is this expected behavior, and if so, why?
>> 
>> Second, I am using the Budget Report to view actual (as opposed to budget)
>> monthly numbers using a budget I created that has budget amounts only for a
>> subset of the entire Chart of Accounts. I use the report to view how much I
>> am spending and receiving in a highlighted number of accounts especially
>> interesting to me, setting the report to display only the actual numbers
>> for the budget period. This way, I can see a summary of my spending in
>> those areas at a glance.
>> 
>> When I run the report, however, I find that the totals for Actual data
>> tally all accounts, regardless of whether those accounts are: a) included
>> in the underlying budget, or b) selected for display in the report. This
>> isn’t the behavior I would expect; is it right, and if so, why?
>> 
>> TIA,
>> David
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