There are multiple types of accounts available, including Bank, Credit Card, Investment, Assets, and Liability accounts.
Bank accounts are commonly Checking or Savings accounts (there is no distinction in Bankn). When a Bank account is selected, the summary, entries, and scheduled entries for that account are available
Summary contains information about the account, such as the current balance and a basic description.
Credit Card Accounts
Credit Card accounts work similarly to Bank accounts, but are recognized as having a credit limit (on the Summary), and as having a debt relationship to other accounts (for example if you make scheduled payments to a Credit Card account, when viewing these in charts and forecasting, the payments stop when the account no longer have a negative value)
Investment accounts, while similar to other accounts, focus on financial transactions like stock purchase and sale.
Liability accounts are meant to track long term debt like auto and personal loans and mortgages.
Asset accounts are meant to track the value of non-liquid goods, such as the value of a home, vehicles or personal property.
Working with Accounts
Selecting the ‘Accounts’ entry in the list provides a high level view of accounts, focused on spending by category in the users bank and credit card accounts. Here a user will find an overview of spending in the current and last month, and the same month last year. Hovering over data in the charts identifies the category, and using the gear provides the ability to change which categories are displayed. Only categories that have values associated in the time periods are listed.
Account Type View
Selecting an account type (like ‘Bank’ or ‘Credit Card’) provides a high level view of the set in that type. Here a user will find the upcoming transactions in the set of accounts, the current balances and the projected account values. The view can be filtered by selecting the accounts to a smaller set of accounts in that type.
Accounts are shown in the Account view, a list of grouped Accounts on the left hand side of the main view. Here you can select Accounts, add, and show hidden Accounts.
Creating an Account
You can create an Account simply by clicking the ‘Add’ button found above the list of accounts. You can create Bank and Credit Card accounts, as well as import additional account types if importing a QIF file from another product. Once you’ve given the Account a name and chosen a type, it is added and you can begin adding Entries in the Account.
Hiding an Account
If an Account is no longer active, the Account can be hidden. To do this select the Account, and choose the Summary, and choose Hide.
Account Summary View
In general the account summary will include balance and description, as well as information on upcoming transactions and the balance over time in the account.