It divides your monitoring task to 2 categories,
1) Fund: such as your Bank account, Bank Saving account, Wallet, and a Safe at your house.
2) Account: such as your Salary, a channel of spending.
The relation between Fund and Account is that they are both "money holders" but for the Fund, you just care about the balance (how much you have in that Fund) but for the Account you want to track each and every transaction (expense, income). But each transaction is associated with both a Fund, and an Account.
The account is just a way to categorize your spending under certain Fund. Under each Account, you can further categorize your transaction by choosing categories.
The hierarchy of the application is as follows:
The app incorporates the Envelope system which is much like budget. These Envelopes are for monthly expenses (monthly budget).
When creating new Envelope, you need only to specify the starting period or the starting date which means an Envelope will cover one month of expenses from let’s say March 25th to April 25th, thus you only need to specify March 25th as the starting period and the Envelope will be usable for all the months from X month 25th to next month 25th
For any question please contact the developer using the email.
budget, money, transaction, account, expense