are where the money is: a bank account, a credit card, cash.
Each account has one currency. You may for example have a cash account
for dollars and another one for euros.
are where the money goes to or comes from. They are the highest level
for assigning expenses, income or budgets and
for viewing totals. You may have a class for your family and a class
for each member of it.
Class is similar to what some financial programs call Tag.
Default classes (change them as you like):
Categories are the second level for assigning your
expenses, income or budgets and for viewing totals. They are independent of classes
(if you create a category whithin a class it can also be used in other classes).
Category corresponds to what some financial programs call Category Group or Supercategory.
Default categories with subcategories in parentheses (change them as you like):
- Auto (Fuel, Insurance, Parking, Misc, Maintenance)
- Clothing (Accessories, Clothes, Footwear, Misc)
- Education (Books, Fees, Tuition)
- Entertainment (Books, Music, Restaurant, Sports, Theatre, Video, Misc)
- Finance (Interest, Charges, Payments)
- Health (Dental, Hospital, Physician, Prescriptions, Eyecare)
- Home (Accessories, Furnishing, Garden, Maintenance, Misc)
- Household (Food, Cleaning, Misc, Tools, Appliances)
- Income (Salary, Payments, Misc)
- Insurance (Auto, Health, Home, Life, Disability)
- Misc (Donations, Gifts, Lotteries, Cash)
- Pet Care (Food, Supplies, Veterinarian)
- Personal Care (Hairdresser, Salon, Products, Misc)
- Taxes (Income, Property, Misc)
- Transport (Bus, Taxi, Train)
- Utilities (Cable, Dues, Electric, Garbage, Gas, Phone, Rent, Water)
- Vacation (Lodging, Travel, Excursions)
are the third level for assigning your expenses or income and for viewing
totals. They further differentiate a category, if needed (they are optional).
Subcategory corresponds to what some financial programs call Category.
expense must be assigned to a payee. You may use generic payees
(e.g. Shop, Grocery,...), but it is better to name individual
vendors, so that you may view transaction lists for each vendor separately.
For each payee the most recently assigned class, category, subcategory and reason are remembered and
pre-filled in a new transaction after selecting the payee.
payee, but for income transactions. The names can be the same, but they are kept in separate lists.
(Descriptions) can optionally be created for a payee or payer. They are useful if the
same reason occurs repeatedly and you want to enter more detail than
just the category and subcategory assigned. If the reason
will not be repeated, you may enter details in the notes field instead.
If you want to create memorized split items, then you must specify a reason,
because together with the payee or payer it forms the identification of the memorized split items.
Split ItemYou may memorize transactions by
creating one or more split items for it. They will be used if you
select the payee and the reason of the split items while creating a
transaction. A split item has a class, category and subcategory
assigned and it has an amount. The total amount of the split items will
be calculated and displayed as the amount of the transaction. If you
did not specify a reason, then the split items are used just for one
classes, categories and subcategories you may define yearly and/or monthly budgets.
They will be shown in the totals view, where you can easily check if
your expenses are within the budgets.
may have different currencies for accounts and classes. They are
converted automatically with an exchange rate that you will be prompted