Accounts are a foundational concept in the service. An account may be a bank account, credit card, loan, salary or an expense. The main purpose of an account is that a value or monetary amount may be moved from or to the account through a transaction (read more about transactions here), and it gives you an overview of where money comes from and where they end up. It is entirely up to you what accounts you choose to register – whether you want a simple overview or a detailed overview.
Figure 1: Screenshot of account list.
An account consists of an account type, currency, name (required information), and optional information such as account group, description and additional account information.
Figure 2: Screenshot of account form.
An account group is a way for you to group related accounts. Account groups are registered separately from accounts, where you provide a name and optionally a parent account group. The possibility to group accounts may be useful to for instance group different expenses and create a budget post on a higher level (read more about budgets here).
Figure 3: Screenshot of account group form.
For instance, you might have one account called "Groceries" and one called "Restaurant". These can then be grouped under an account group called "Food and beverages". The benefit is that you can register transactions more precisely and at the same time achieve a better view of where your expenses are.
The different account types affect how the account is visualised and used in calculations. There are four different account types:
The account type is the most important information of an account as it directly affect both visualisation and calculations.
Account name and description are essential as it helps you identify correct account — so choose an informative name, with or without description. When you name an account, it may be a good idea to assess whether it suits best as an account or an account group.
There might be additional information you wish to register on an account, which is not present in the account form. For instance, this might be the lender, purchase date for a house or a car, or any other information that is useful for your. You register this type of information by giving a name (e.g., "Purchase date") and a value (e.g., "January 1st 2025"). This information will be displayed on the account page.
Note! You must never register sensitive personal information, such as complete account numbers and payment information.
When you are viewing the details of an account, you are able to see an area with documents. You may upload documents attached to an account. For instance, you can upload agreements, reports or any other documents. Then you are able to simply locate an important document when you need it.
Figure 4: Screenshot of account with documents.