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Deposit and budget questions

vaughan11715vaughan11715 member
First Anniversary 5 Love Its First Comment
edited November 2014 in Budget Weddings Forum
So I have this wonderful spreadsheet that I am using for my budget vs actual but I am confused as to if I need to include refundable deposit's in my actual or just the actual cost (ie. the venue is $450 + a $200 refundable deposit, should I enter the full $750 in the actual or do I just enter the $450 since I will get the deposit back)?
I'm pretty sure I already know its the full amount but I just want to be sure!



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Re: Deposit and budget questions

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    blabla89blabla89 member
    First Anniversary First Comment 5 Love Its Name Dropper
    For ours we put our refundable vendor deposit in both the budget and the actual, since that money is actually gone from my bank account for now. I'm sure we'll get it back after the wedding, but it's effectively "spent" as far as the wedding budget is concerned.
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    wandajune6wandajune6 member
    First Anniversary First Comment First Answer 5 Love Its
    I kept separate columns: total, paid, and remaining. It helped us track what we already paid and what remained.
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