All your transactions are stored in an account.
An account represents a checking account, a debit card or your wallet.
However, having this representation is totally optional. You can ignore it and place all your transactions in a single account.
Account value
The value of an account is given by:
- the sum of all transactions in the account.
- the initial value set.
The value is never reset and is used to track your balance across time.
Initial value
If the account represents a real account, like your checking account or card, you should set an initial value.
If you do not have that value at hand, do not worry. You can add it later by editing the account.
You should use the value of your checking account on the day before the first transaction you register in it.
Eg: you start inserting data from the first of the month. Use the value of the last day of the month before.
Automatic bank sync
Are you interested in the automatic bank synchronization?
If yes, check it
here.
The account value and the transactions will be automatically imported into Fast Budget.
Remember, the bank sync is totally optional.
Transactions and details
You can view the transactions inserted in an account by pressing on it on the Accounts page.
Transfers between accounts are generally visible only in this list.
To see the account details, press the small button with an eye under the account always on the Accounts page.
Currency and exchange rate
You can create new accounts with a currency different from the main one.
Every account with a different currency has an exchange rate.
The exchange rate is automatically updated. (Subscription required)
All reports and charts are calculated in your main currency using the inserted exchange rate.