Specify date when creating account

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  • Updated 4 years ago
I just signed up to try out Goodbudget as an alternative to YNAB / nYNAB, but have noticed that when you create an account it's not possible to specify a date. This gives me a headache as I'll have to try and work out when I can create my credit card accounts and wait until I am sure all the pending transactions have cleared so I don't end up with the wrong balance.

Is there no way to specify a start date when you create an account? I can't see how you do this - short of deleting the initial account adjustment transactions, but then I can't see how you put the replacement start balance in.
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Chris Tilbury

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Posted 4 years ago

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Colin Grant

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Chris, like you I am trying to find an alternative to ynab, well nynab. My trial is going well here. Support is great and the software is powerful - it even keeps ledgers of the transfers you make between categories. I am running a credit card which is PIF and I had no problem setting it up. However I don't quite understand why the opening date is so important as all I did was plug in the starting balance. Remember, even if you do get the opening balance wrong you can always go back and edit it.

Something else worth knowing (if you have not picked up on it yet), if you have regular transfers between categories you can set them up as recurring transactions.

Colin
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Karisa Russell, Official Rep

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Hi there, 

Welcome to Goodbudget, Chris! And thanks for helping out, Colin. 

Colin is right that if you enter an Account balance incorrectly, you can always readjust it by clicking on Add/Edit on the Accounts tab (https://goodbudget.com/account/edit)

Since Goodbudget doesn't have a start date for Accounts, you have two options. The first would be to wait until your pending transactions clear in your credit card account, and then add it to Goodbudget. Or, you can add it now with the pending expenses included in the balance. Then, you can add those expenses to Goodbudget once they post so you have record of them, as well. And, your balance should still be accurate. 

Will this work for you? Please let me know if I've misunderstood what you're asking. 
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Chris Tilbury

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Thanks Karisa, and Colin also.

These suggestions do work - I've put what I think the totals are, but will edit the opening balance if they come with a later date so I can post the transactions into the register.
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Colin Grant

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You are welcome anytime. Chris. As a fellow ynaber (one who has just cancelled the nynab trial) I know you will find GB different. But do stick with it for in many ways it is far more flexible and has excellent audit trails - transaction records are created for everything, even when transferring between categories. Support is excellent to :-)

I have been running now for about a week and am feeling quite at home. Once you crack it everything becomes very clear. 
(Edited)