Bank Account
Use a Bank account type to represent frequent-use accounts held at a Bank or Building Society.
Accounts
Accounts are a direct equivalent to an account in the real world, typically an account held at a bank or loan provider, and is how Family Finance Manager tracks value. At a fundamental level the account represents value and helps tracks financial activity over time.
Family Finance Manager provides many different account types to help you model your financial world accurately: Bank Account; Cash; Credit Card; Savings Plan; Savings Account; Investment Plan; Investment Fund; Investment Cash; Loan; Liability; Asset Group; House; Vehicle; Other Asset.
Cash Account
Use a Cash account type to represent and track pure cash expenditure.
Credit Card
Use a Credit Card account to represent a credit or charge card held with a Bank or other financial provider.
Savings Group
A Savings Group account can be used to group together a number of different savings products under a single top-level account for ease of management. A typical example is a National Savings account under which you might hold multiple different financial products such as index-linked certificates.
Savings Account
Use a Savings Account to represent individual savings and their current value.
Investment Account
Use an Investment Account to track investments and cash held by an Investment provider and/or platform.
Investment Fund
Use an Investment Fund to track you holdings of a single investment within an Investment Account.
Investment Cash
Investment Cash accounts are used to track the cash transactions within an Investment Account. This typically involves initial deposits prior to purchasing a fund and then the various cash transactions such as dividends, management fees and loyalty bonuses. You don’t normally need to create a cash account as one will be created for you when you create a new Investment Account.
Loan Account
Use a Loan account to represent structured loans from Financial Providers.
Liability Account
Use the Liability Account type to represent miscellaneous liabilities including Tax owed.
Asset Group
An Asset Group account can be used to group together multiple assets to make it easier to track assets. An example could be to group multiple Household Appliances together so that you can have a top-level view of all appliances.
House Asset Account
Use a House Asset Account to track properties.
Other Asset Account
Use an Other Asset Account to track things of value such as household appliances or expensive tools.
Vehicle Asset Account
Use a Vehicle Asset Account to track the value and running of Cars, Vans and Motorbikes.
Last modified March 21, 2021