Suggestion: Posting Period for Transactions
jdm
This is merely a suggestion; most people tend to handle their accounts on a periodic basis - normally monthly (get paid monthly, pay bills monthly and so on). The issue for me has always been that sometimes, the actual date a transaction occurs on may not reflect the REAL month (or 'accounting period') it is for.
For example, if you get paid at the end of the month, it may be that, depending on whether the end of the month falls on a week-end, that the payment is actually made (or arrives in your account) the following month.
For me, I tend to base my months (i.e. accounting periods) depending on the the date I am paid (for example, the 8th of each calendar month - so all transactions between, say, January 8th to February 7th are for the period 'January' even though some of those transactions are actually dated in February).
It would be very, very, very useful to allow for a 'accounting period' on each transaction so that it would be possible to indicate the correct period that transaction applies to if it is not one that can be evaluated from the date. In addition, any reports that are based on the month should allow you to report on the 'accounting period'.
I hope you're able to consider the above.
Support Staff 2 Posted by Jessica Little on 11 Oct, 2011 06:16 PM
Thanks for your suggestion. I have created a ticket for this issue. The ticket is attached to this discussion. By posting in this discussion your interest in the ticket has been registered. This is equivalent to voting for it. We'll let you know of any updates.
Thanks again for your suggestion, and thanks for your interest in Moneydance!
Jessica Little
Moneydance Support
3 Posted by Joseph D on 28 Jan, 2012 11:12 PM
I note, too, that the most recent version allows you to set a fiscal year. However it seems to assume that the year always begins at the start of a month. Really, any valid date should be allowed (for example, the UK tax year starts April 6th).
4 Posted by -Kevin N. on 29 Jan, 2012 12:03 AM
Hi Joseph,
Just as an FYI, April 6th is one of the 'Fiscal Year Start' options.
HTH -Kevin N.
5 Posted by Joseph D'Mello on 29 Jan, 2012 01:03 AM
Oh I feel an idiot now .... but the point I was trying to make that it
ought to be possible you ANY date to be selected....
Nonetheless, thank you for your feedback !
6 Posted by jdm on 14 Mar, 2013 10:53 PM
Is there any further news on whether or not it is possible for each transaction to enter a period to which it relates as described in the original post ?
Support Staff 7 Posted by Ethan Tupelo on 15 Mar, 2013 01:31 PM
Hello,
We have not implemented this feature request at this time.
Ethan Tupelo
Moneydance Support
8 Posted by Joseph D'Mello on 15 Mar, 2013 02:01 PM
Are there any plans to do so ? And do you have a timescale if so - this is
the only thing preventing me from a purchase ...
Support Staff 9 Posted by Scott Meehan on 15 Mar, 2013 05:02 PM
Hi Joseph,
Unfortunately I don't have a timeframe for when this is going to be implemented, though it's not very high priority so I don't think it will make it into Moneydance 2013.
Scott Meehan
Moneydance Support