budget report

David T. sunfish62 at yahoo.com
Mon Jun 3 10:04:03 EDT 2013


I imagine that Joe is using the budget reports to track income and expenses because that report is the best one he could find to achieve his goal: seeing monthly values of income and expenses over time. 

He is using the best tool available in Gnucash.


On Jun 3, 2013, at 5:38 AM, Mike or Penny Novack <stepbystepfarm at mtdata.com> wrote:

>> I only uses budget report to track income and expenses.
> Joe,
>   That's misuse of a budget report, misunderstand of what a "budget" is.
>   You use the budget feature to PLAN income and expenses for the time period.
>   You use the actuals (Income Statement) report to TRACK what the income and expenses for that time period were.
> If your budget report said that you plan was OK (enough income to cover expenses) and then your actuals indicate you are remaining "within budget" you are OK. But if the actuals indicate that you are going "over budget" (too high expenses or too little income) then you are in trouble and need to make adjustments.
> Michael
> PS -- this isn't a gnucash thing (same for ANY system, even pen and ink on paper)
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