Hello Daniel,
there is actually a problem about having forecast based on budget.
Currently, forecast applies only to assets and liabilities, and budget
applies only to income and expenses. This might change in the future, there
have been talks about it, but this is the current state.
Say, for example, I have 3-4 accounts I regularly use to pay and receive my
income and expenses. How do I match those accounts to my budget, which is an
overall view of all incomes and expenses?
I find no way at the moment to match forecast to budget.
What might be done, is an adjustment to budget, where you take your actual
incomes and expenses so far, and adjust your budget to match what you have
left for the rest of the year. That is feasible at this point.
As for reports, I plan to do some changes in those reports, to make them
more flexible. There are some pending request that are related to that.
(moving averages, for example).
Regards,
Alvaro
On Sat, Aug 16, 2008 at 5:46 AM, Daniel Dickinson <cshore@...:
> On Mon, 11 Aug 2008 00:36:48 -0300
> "Alvaro Soliverez" <asoliverez@...> wrote:
>
> > The change is purely on the UI. To show the accounts in a tree,
> > rather than the previous table view. The first steps are now in CVS.
> > I still have some more stuff to do. That will take me about one more
> > week.
> >
> > I still have some other changes to do, but in the meantime, if you
> > could elaborate more on the forecast using budget, I would be glad to
> > discuss it with you and implement it if possible. There are currently
> > 2 different methods for forecasts, but more can be added if ideas
> > come up for it.
>
>
> Well lets say you have
>
> Rent: $750/mo
> Subscription: $30 in Mar (budget)
> Bill: $75/mo phone+internet scheduled transaction, specifict time / mo
> Tools: $110/year
> Bill: Scheduled annual fee Apr 15th of $50
>
> It's Feb and you haven't spent anything on tools in Jan
>
> You'd see (for monthly)
>
> Feb Mar Apr
> Rent 750 750 750
> Subscriptions 0 30 0
> Telephone 35 35 35
> Internet 30 30 30
> Tools 10 10 10
> Annual Fee 0 0 50
>
> If it was weekly, the telephone and internet would be 0 except in the
> week in which the schedule transaction actually occurred, while the
> average expenses would be averaged.
>
> Note the $10 in tools. I envision yearly expense not just being
> another way of an average, but based on how much has been spent so
> far. Say you buy two $50 tools/year but you don't know when. You'd
> use a $100 / year and your forecast would be
>
> (budgeted - spent) / (months left).
>
> That part though could be implemented later though; just getting the
> forecast to be based on budget, scheduled transactions and transactions
> entered in the register for a future date (e.g. post-dated cheques)
> would be a great start.
>
>
|