Microsoft KB Archive/181519

Money 98: Occasional Bills Are Averaged Across Budget Months

PSS ID Number: Q181519 Article last modified on 08-19-1998

WINDOWS:98

WINDOWS

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The information in this article applies to:

 == Microsoft Money 98 == 

= SYMPTOMS =

Bills that are paid in any manner other than monthly show up in the “How I’m Doing on My Budget” report as averaged across a 12-month time period.

Examples
You have a $300 insurance bill paid quarterly, for an annual total of $1,200. These payments take place on March 31, June 30, September 30, and December 31. Rather than appearing on the annual statement as four quarterly $300 payments, this bill shows up as 12 monthly $100 payments.

-or-

In calculating your taxes for next year, you estimate that you will owe a $2,400 tax bill come April 15, and have planned for this by scheduling it as a new bill in the Bills area. Rather than appearing on the budget report as one $2,400 payment for the year, the scheduled bill shows up as 12 monthly $200 payments.

= WORKAROUND =

To have non-monthly bills correctly show up in the “How I’m Doing on My Budget” report, do not enter these bills in the Bills area of Microsoft Money.

To do this, first delete them as scheduled payments from the Bills area; then, re-enter them as custom payments under “Make a Budget and Savings Plan” in the Planner area of Money.

Deleting the Scheduled Payment from Within the Bills Area
To delete the scheduled payment from within the Bills Area, follow these steps:

  Click Bills on the navigation bar.   Click to select the bill that you want to remove from the Bills area.   Click Delete Bill.   In the Delete Recurring Payment dialog box, click Delete All Instances when prompted with the following: Do you want to delete all instances of this monthly payment or just one payment? 

Entering a Custom Payment in the Make a Budget and Savings Plan
To enter a custom payment under “Make a Budget and Savings Plan” in the Planner area, follow these steps:


 * 1) Click Planner on the navigation bar.
 * 2) Click “Make a Budget & Savings Plan.”
 * 3) In the plan, click “Expenses and Taxes”.
 * 4) Click the Expense Details button.
 * 5) Click on the Category for the payment. If the proper category is not listed, click Add Category, and enter the appropriate information in the specified fields.
 * 6) Under I Plan To Spend, click Custom.
 * 7) Enter the amount of the payment for the months in which the payment will take place.
 * 8) Click OK.

The “How am I Doing on My Budget?” report will now contain the correct information.

= Additional query words: w_money 6.0 woody budget report =

Keywords : kbdta mnyplanner Version : WINDOWS:98 Platform : WINDOWS Issue type : kbprb ============================================================================= Copyright Microsoft Corporation 1998.