SOA and Microsoft Money not tallying

bubblesbrian

Hi all.

I'm working on an SOA using information from my Microsoft Money Account. My SOA say's I have a shortfall whilst my Microsoft Money says I'm always in the clear.

Which one is right?

I'm positive I have them all entered in correctly.
Unless it's to do with the fact that on some months (like December) I will be paid 5 times (5 Fridays next month).

Any on come across this and can explain or tell me i'm correct?

DVardysShadow

Not enough information. At least one is clearly wrong, but who knows which one?

For weekly pay, you either need to do a 13 month year or a 4 and 1/3 week month. If you try and mix and match then you are going to get inconsistent answers.

Tixy

Sounds like its probably the issue with the number of pay periods - failing that are you sure you are including any debt repayments at the correct level -you don't have minimum payments in 1 but actual (higher) payments in the other?

bubblesbrian

DVardysShadow wrote: »

Not enough information. At least one is clearly wrong, but who knows which one?

For weekly pay, you either need to do a 13 month year or a 4 and 1/3 week month. If you try and mix and match then you are going to get inconsistent answers.

So does that mean I need to take a bill x's it by 12 / 13?

DVardysShadow

bubblesbrian wrote: »

So does that mean I need to take a bill x's it by 12 / 13?

Yes, for monthly bills. You will always have 13 paydays for every 12 bills.