[Kmymoney] starting account

[Gary Kirkpatrick]

On Fri, May 17, 2013 at 3:29 PM, Jack <ostroffjh at sbcglobal.net> wrote:

> On 2013.05.17 05:41, Gary Kirkpatrick wrote:
>
>> I have some accounts where I can get up to two years of transactions off
>> the bank site.  Is it best to start by adding just this years to date and
>> then go for previous periods?   I have years of data on quicken-  should I
>> try to add those and if so should I do them first and then add what i can
>> download?  Or should I start as of today and not download info/add quicken
>> info?  Some accounts are investment accounts versus a checking acct.  Does
>> this make a difference?
>>
>
> In addition to Allan's response there is one other thing to keep in mind
> if you are planning to add older transactions after you have started using
> an account.  First, you cannot add a transaction to an account earlier than
> the opening day of the account, but you can change the opening date and
> starting balance in the edit account dialog.  Also, if you initially set up
> the account with an opening date far enough in the past to handle all the
> data you would like to include, you also need to remember that
> adding/importing older transactions may require adjusting the opening
> balance or using placeholder withdrawals or deposits.
>
> Reminder: save the file frequently, and backup early and often.  KMM is
> quite stable, but if an import doesn't work as you expect, it is very easy
> to get very confused.  If you always save before importing, it is easy to
> go back to the saved version and try again.
>
> One way you can do this 'retrograde importing' is to initially set up your
> accounts starting, for example, January 1 of this year.  Then set up a
> separate account starting January 1 of last year.  If all the imports for
> last year are correct, then the ending balance of that account will match
> the starting balance of this year's account, and you can merge them by
> transferring all the transactions from one account to the other.  Note that
> there is no technical reason to use separate accounts for this, but I find
> it decreases the confusion and need for adjusting opening dates and
> starting balances.
>
> Jack
> _____________________
>

Thanks for the repiies.  Will work on it and see how it goes.


garyk
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mail.kde.org/pipermail/kmymoney/attachments/20130517/af0c2252/attachment.html>