I’m new to Goodbudget and I have some questions about it. In this case I have an initial account balance and now I have in the envelopes tab an account total that is greater then the initial one. How is the actual total calculated?
I already add some future income transactions for the month. Are these transactions included in the actual total balance?
There are two independent but related totals; Accounts total and Envelopes total. The Accounts total is the balance of all your bank and credit card accounts. The Envelopes total is the balance of all your envelopes. These two independent balances need to equal each other when you have proper accounting of your monies.
The Account total for each bank and credit card needs to reflect the real balances you actually have. Once that’s established, and the Envelopes total doesn’t equal your Accounts total, review your envelope transactions for an errant entry
And if I have some transactions scheduled in the future are they reflected in the account total?
If they’re truly scheduled, not just post-dated, then they won’t affect your balances. Only posted transactions will count in your budgeting, even if their dates are in the future.
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