Accounts

Accounts represent where money comes from and goes — bank accounts, cash, credit cards, etc. Use them to organize your financial tracking.

Account Types

TypeDescriptionExample
AssetWhat you ownBank account, cash register, inventory
LiabilityWhat you oweCredit card, loan, accounts payable
EquityOwner’s stakeOwner’s capital, retained earnings
IncomeRevenue sourcesSales, services, interest
ExpenseCosts incurredRent, utilities, supplies

Creating an Account

  1. Navigate to Accounts in the sidebar
  2. Click New Account
  3. Enter a name and select the type
  4. Optionally select a parent account to create a sub-account
  5. Click Create

Sub-Accounts

Accounts support a parent-child hierarchy. Use sub-accounts to organize your chart of accounts into logical groups:

  • A sub-account inherits the same type as its parent
  • Example: Bank Accounts (Asset) → Maybank Savings (Asset), CIMB Current (Asset)
  • Sub-accounts appear indented under their parent in the accounts list

Using Accounts

When creating a transaction, you can optionally assign it to an account. This helps track:

  • Which bank account received a payment
  • Which credit card was used for an expense
  • Cash register balances

Default Accounts

You can set a default account to pre-fill on new transactions, saving time on repetitive entries.

Related