Friday, 9 April 2010

Home Accounts

This afternoon, my wife asked me to find out how much money we spent on groceries for the last two years. This is quite an easy task as I have a Home accounts programme that I have been using for years.

I first started using an accounts programme back in the 1980's when I had a Commodore Amiga. When I eventually bought a PC, I started to use the Quicken accounts program.

Over the years I upgraded the program until 2003 when Quicken no longer supported the British market and just concentrated on their own American market. I then gave Microsoft Money a try, but having got used to the Quicken layout, I struggled to adapt to the Microsoft version. One aspect in particular was the facility to have the account show exactly how much money I would have in my account on any particular day in the future. Extremely useful if you get paid every 4 weeks and have standing orders spread throughout the month.

I could check this with ease using Quicken. All I had to do was check the scheduled transaction page and the information I wanted was immediately visible. The Microsoft version had a more complicated process to obtain this information. Consequently I have continued to use the Quicken program.

What I did discover today though is that it is not a good idea to delete old accounts that have been closed. I discovered hundreds of transactions from my live accounts that had originally gone to another account, such as credit card payments or mortgage payments, suddenly had no account to send the money to, so the transactions were no longer categorised as they had originally been.

I just spent the last 4 hours re categorising these transactions so that I can now produce accurate reports of where I've actually spent my money!

In case your wondering, our grocery bill increased by nearly £1000 between 2008 and 2009!
Sent from my BlackBerry® wireless device

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