#305 Possible incorrect calculation on bi-weekly budgeting

1.1.0
closed-invalid
nobody
5
2014-06-08
2014-02-05
unimike958
No

I think it is a bug -- When I try to budget a certain amount for bi-weekly. The calculation doesn't come out right.

Here's what happened on budget -- I want to set up \$75 for automobile gas for every two weeks.

1. I set \$75 on bi-weekly for Automobile:Gas on monthly budget screen
2. The software calculates it to \$162.95 (????) It should be \$150.00.

I am unable to use bi-weekly for anything else since I receive my paycheck on bi-weekly basis.

Thanks for solid product!

Discussion

• Stefano - 2014-02-05

The calculation is correct.

Reason:
Bi-Weekly period = 14 days
Average month = 30 days = 2 fortnights + 2 days

Calculation is based on a one year period: 365 days.

\$75 / 14 ...... gives us \$ per day.
* 365 ........... to give us one year
= \$1,955.36 per year
/ 12 ............. for a single month
= \$162.95 per month

Your calculation of \$75 per fortnight giving \$150 per month would produce:
\$150 * 12 = \$1,800 which is about \$155 short.

• unimike958 - 2014-02-05

Thanks for the formula, the calculation makes sense now.

• Nikolay - 2014-02-05
• status: open --> closed-invalid

Log in to post a comment.

Get latest updates about Open Source Projects, Conferences and News.

Sign up for the SourceForge newsletter:

No, thanks