Financial journal

ReadAboutContentsHelp


Pages

Image 1
Blank Page

Image 1

This page is blank

Last edit almost 6 years ago by hesperus
Image 2
Blank Page

Image 2

This page is blank

Last edit 14 days ago by fabuloki
Image 3
Complete

Image 3

59

From diary for 10/13/80, shredded in May '88

showed each expenditure in its category, and essentially was the new accounting book in an evolutionary stage. To ascertain its accuracy, each entry was color coded or somehow made to associate with one of the four periods. Then for each period, a balance was arrived at showing income minus all expenditures, and this had to tie into the checkbook balance for that period.

Then this master file was fixed up into the present version. The hardest part was making the income make sense as a statement of salary minus taxes plus unearned incomes minus their taxes rather than just a list of checks deposited to build up an account. It finally worked, but there were complications such as moving expenses were reimbursed and not taxable in 1978, but they were taxable in 1979. Getting this figured out was quite an exercise.

Also there were things such as a reimbursement for several trips to econoprint, only one of which had been paid for by check, which I didn't realize. That was the major finding of saturday, as I struggled toward midnight.

The way I finally found the errors was to do a statement of changes showing (one for income and one for expenses) what had changed between those four accounting sheets plus the one I created for the second half of the summer, and the communicatable version I was trying to develop. As mentioned,

Last edit over 1 year ago by MaryV
Image 4
Complete

Image 4

60

the final stickiest problem that had to be solved was simply a reimbursement problem. Consequently I developed and described a very foolproof reimbursement system which can be used on either cash or checking accounts. This is described in the first few pages of the checkbook.

The whole goal of this project was to create a system of personal economic description which is easy to use, looks clean, and is easy to operate in an going monthly manner.

Also, the new bank account started last week at Wells Fargo. I am out of that tacky Lloyd's bank. However I have to wait for checks to clear so it may be a short while yet till it is actually closed. But I believe it is possible to throw it out very soon.

Today then is a cleanup day. Time to throw out lots of my past now that I have analysed it here, and seen what I have done in the last few years. I will be keeping only as much as I possibly would need, like receipts for supporting income tax deductions.

The best things I hope for is that I will be freed psychologically from worrying about my finances now that things are relatively stable. This checkbook can even be used if more than one checking account is open simultaneously. It also is a record of gifts received.

Last edit about 1 year ago by Karen03
Image 5
Needs Review

Image 5

[columns]

Old Category || Long || Art / || Records || Educational || Sports Eq || New Totals

\\\\\\\\\\\\\\\\\\\\\\\ ||Term ||Plants|| ----------- || ----------------- || & Games || ---------------

New Category

Appliances || 1477.13 || --- || --- || --- || --- || 1477.13

Audio Video Eq || 1359.72 || --- ||--- || 313.95 || --- ||1673.67

Houseware || 736.27 || 30.00 || --- || --- || --- || 766.27

Art/Decor || 291.48 || 2708.51 || --- || --- || --- || 2999.99

Misc property || 386.01 || --- || --- || --- || --- || 386.01

Sports & Games || --- || --- || 27.00 || 63.93 || 800.15 || 891.08

Audio Library || --- || --- || 195.61 || --- || --- || 195.61

Video Library || --- || --- || --- || --- || --- || 0.00

Photo Library || --- || 57.40 || --- || --- || --- || 57.40

[--Books--]

Furnishings || 11023.56 || --- || --- || --- || --- || 11023.56

-

TOTAL || 15274.17 || 2795.91 || 222.61 || 377.88 || 800.15 || 19470.72

Pre 1978 || 1200.00 ||150.00 || 0.00 || 0.00 || 610.00 || --

78 - 82 || 14512.18 || 3577.98 || 223.20 || 6561.03 || 184.00 || --

Expensed || −493.01 || −937.07 || −14.59 || −6183.15 || −18.85 || --

Pre 83b gifts || 55.00 || 5.00 || 14.00 || 0 || 25.00 || --

[totals] || 15274.17 ✓ || 2795.91 ✓ || 222.61 ✓ || 377.88 ✓ || 800.15 || ---

Last edit almost 6 years ago by hesperus
Displaying pages 1 - 5 of 430 in total