"Next month starts X days prior to end."

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txcrew

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Feb 22, 2009, 12:21:00 PM2/22/09
to No Thirst Software User Forum
Hello MW Community!

I don't really understand how this option works, but I'm pretty sure I
should be using it, here is why:

* My company pays me at the end of every month. Usually the last
Friday of the month.

* I pay my rent that is due between the 1st and the 5th of every month
via an electronic check that has to actually be paid at the end of the
previous month so it arrives, at the landlords office through snail
mail before the 5th of the next month.

I guess it should also be noted that I also have a separate income
that comes at the beginning of the month (this is where I have a light
understanding of the first and second half of the month setting).

Could someone be so kind as to enlighten me and perhaps point me in
the right direction with how to properly set this up?

TIA,
txcrew

Kevin Hoctor

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Feb 22, 2009, 1:59:56 PM2/22/09
to no-thirst...@googlegroups.com


That option allows you to tell MoneyWell to treat the last few days of
a month as the cash flow start for the next month.

So you have it right. If you get paid a few days before the end of the
month, set the value to that number of days and keep it that way so
MoneyWell can allocate early and also see early allocations in the
future. It's just a way to let you start paying bills before the first
of the month.

Peace,

Kevin Hoctor
ke...@nothirst.com
No Thirst Software LLC
http://nothirst.com
http://kevinhoctor.blogspot.com

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