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Today vs Future Dollars?

 

(@bo3b)
Eminent Member Customer
Joined: 6 months ago
Posts: 22
Topic starter  

New User trying to validate data entries to related PRC output and a little confused regarding "Today's $" vs "Future $" use and display.

A couple assumptions -

  1. For dollars data entries, unless noted otherwise in field help text, User input values are to be entered in Today's dollars. For example, all Expenses are in Today's dollars.
  2. The dollars display control button, for instance within "Tabular Projections" tables, when toggled, displays table values to match the control. In other words, if the control button shows "Today's $" then all displayed values are in Today's dollars.

Specific situation data, see attached "Discretionary" and "Miscellaneous" Expenses entered and related "Tablular Projections -> Expenses" table.

So, why are the table "Net Expenses for Personal Property" and "Specific Discretionary Expenses" columns displayed in what appears to match the "Today's $" control but not "Misc Expenses"? And opposite if switch to "Future $"?

Thanks,
Bob

PRC2022.2.26
Windows 10 Home 64-bit Version: 19042.1526
Microsoft Office Professional Plus 2013
HP Spectre x360 Laptop w/16 GB


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(@smatthews51)
Member Admin
Joined: 2 years ago
Posts: 345
 

Bob,

Your assumptions are correct but I'm not seeing any attachment so can't really answer your question.

Stuart


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(@bo3b)
Eminent Member Customer
Joined: 6 months ago
Posts: 22
Topic starter  

Apologies - Apparently missed that image was not attached due to filesize...


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(@smatthews51)
Member Admin
Joined: 2 years ago
Posts: 345
 

@bo3b Your screenshot of the Miscellaneous page doesn't show all the fields, but I think you probably just need to check the COLA field. With that box unchecked inflation adjustments won't be made.

Stuart


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(@bo3b)
Eminent Member Customer
Joined: 6 months ago
Posts: 22
Topic starter  

Thanks, checking "COLA" for all Miscellaneous entries allows the Expenses Table column entries to appear consistent. (Not sure why they seemed mismatched w/o COLA, perhaps PRC was depreciating some, but not all, values - Anyhow, seems consistent now...)

Bob


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(@smatthews51)
Member Admin
Joined: 2 years ago
Posts: 345
 

@bo3b Some are depreciated more than others; it depends on how far into the future they are.


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