Entering data in Real Estate folder... expenses & receip
The section on Real Estate is not covered in the Tutorial, and the help section does not provide specifics … for example… there are two tabs…. One for expenses and one for receipts… these are very similar… with several numbered items… 1 thru 4, and 6….
I am experiencing trouble as it seems that the database is not acting in a logical manner… for example… when I select "utilities" as a topic for expenses… and select that this start in 2008 and will continue for 10 years , select the amount "$660" for each year, In Today's Dollars… and click on the Apply button… I get 10 sequential entries… for year 2008 through 2118… with the starting $660" in 2008, and an increased amount of $680 in all of the remaining years. I would expect that the amount in remaining years would increase EACH YEAR by the Inflation Rate %. This suggests to me that the program is not working correctly/
When I go to item #6 (I'm not sure why there is no item #5)… I am expecting that this will apply a percentage increase in expenses for a number of years… and that the increases will apply to the items I have currently on the data list…. But no… If I select a 3% increase for 10 years… I get 100 additional entries for the "utilities" expenses for the coming 10 years… not simply 10 lines of data representing the coming 10 years, each with an increasing expense amount equal to the selected 3% inflation rate.
I can't tell if this is working as intended or if it is not. Without a more complete written manual or help section, I am unsure of what I should expect this segment of the software to do.
Any suggestions?
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mailslott at comcast.net wrote:The section on Real Estate is not covered in the Tutorial, and the help section does not provide specifics … for example… there are two tabs…. One for expenses and one for receipts… these are very similar… with several numbered items… 1 thru 4, and 6….
I am experiencing trouble as it seems that the database is not acting in a
logical manner… for example… when I select "utilities" as a topic for expenses… and select that this start in 2008 and will continue for 10 years , select the amount "$660" for each year, In Today's Dollars… and click on the Apply button… I get 10 sequential entries… for year 2008 through 2118… with the starting $660" in 2008, and an increased amount of $680 in all of the remaining years. I would expect that the amount in remaining years would increase EACH YEAR by the Inflation Rate %. This suggests to me that the program is not working correctly/
#5 is the receipt type (taxable, etc)
mailslott at comcast.net wrote:
When I go to item #6 (I'm not sure why there is no item #5)… I am expecting that this will apply a percentage increase in expenses for a number of years… and that the increases will apply to the items I have currently on the data list…. But no… If I select a 3% increase for 10 years… I get 100 additional entries for the "utilities" expenses for the coming 10 years… not simply 10 lines of data representing the coming 10 years, each with an increasing expense amount equal to the selected 3% inflation rate.
I can't tell if this is working as intended or if it is not. Without a more complete written manual or help section, I am unsure of what I should expect this segment of the software to do.
Any suggestions?
If you you have a special expense or receipt that you want to grow over a period, do the following, following the steps outlined in ESPlanner
1. enter name/descr
2. choose the start year
3. USE 1 year for the period
4. enter amount
5. enter tax status
PRESS APPLY
6. enter growth rate
(7) Enter number of years
PRESS GROW
Does that cover it?
The steps you provided seem to do the trick... As it turns out, then, the option to select a number of years.... in item 3 is mutually exclusive of the option to specify an action for a number of years in item 6.... in other words... if you want to grow an entry over a period of years.... select the number of years in 6... not in 3. The multiple year entry in three is only good if you have the same value repeating for a number of years.
My problem existed when I was following the sequence of steps... 1, 2, 3, 4, 6... not knowing that was going to cause a problem.
With your assistance I think I've got this problem fixed.
Are there written instructions somewhere to describe this condition?
Oh... perhaps your software has a number 5 on the segments for expenses and receipts... but mine does not.. No number 5 and no question regarding taxes... relating to expenses or receipts.
An item #5 as you describe does exist in the Special folder... for Special Expenses and Special Receipts.
Should mine have these parts you describe?