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Posted by JM on July 22, 2007, 10:11 am
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> > I'm trying to decide between Quicken and Microsoft Money for my
> > parents. The single most important feature for me is to help them
> > budget unexpected expenses. If for example they have an unexpected
> > dental expense of $1600, I want them to be able to enter that into the
> > software and have it visibly show them that they have less money to
> > spend in the next two months, even before they have received the
> > invoice or paid it.
>
> > What features does Quicken have relative to this feature?
>
> Any future transactions which I am reasonably certain of that I will incur,
> I enter using future dates. That's for both expenses (utility bills among
> them) and income (such as paychecks). It gives me estimates of future
> balances. Not that they even turn out to be as rosy as I hope ...
>
> --
> Best regards
> Han
> email address is invalid
QW07 introduced a "Projected Cash Flow" feature which may provide what
you are looking for. To effectively use this feature you must have all
known/routine income and expense transactions entered as Scheduled
Transactions. The user must include estimated amounts for variable
items such as utilities, CC usage, etc. Unexpected income/expense
items would be entered as the previous poster indicated - when they
become known.
The user can scroll ahead a month at a time and see monthly summaries
of projected income, outflows and 'What's Left'. The user can also
view this info on a daily basis in a Calendar View and in a Daily
Account Balance bar graph.
Personally just recently 'discovered' this feature and am tinkering
with it. Initial impression is that it may be very useful for looking
ahead. Seems to be a glitch in the graphical forecast which I seem to
recall being discussed in forums but haven't gotten around to tracking
it down as yet.
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