standing orders and forcasting
Hi
I'm trying to use your software and it looks brilliant appart from
I can't see how I can do financial planning with it. I want to be
able to see a standing order list and project my monthly
expenditure forward to see how my finances are in lets say Aug. I
currently use quicken and by paying all my standing orders into the
account for the year ahead I can plan how I will be doing in Dec
which is useful. This allows me to know what I need to save for the
big purchases that come up during the year.
Also when I make something recurring I can't do this for a specific
number of payments such as 10 payments for council tax and 36
payments for a loan this would be useful.
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Support Staff 1 Posted by Admin on 08 May, 2011 09:56 PM
Easy Books is not intended for any complex financial planning, sorry.
It does allow simple budgeting, which I use for my personal finances. I've taken a mixture of estimates and last year's figures for expense and income accounts and it works quite well for me: I can see month on month how well I'm staying on budget. But there isn't a forward projection I'm afraid, the app is geared towards giving a financial history record instead.
I have just thought of one app you might like to look into. There is a mac application called Moneywell (http://nothirst.com/moneywell/) and I think there is an iPhone counterpart that will sync. It's a budgeting application that uses the idea of filling and draining buckets so you can manage your finances. Have a look and see what you think. If you decide to go ahead, say hi to Kevin Hocter from me!
Admin closed this discussion on 08 May, 2011 09:56 PM.