Account types

On-budget accounts

These accounts contribute to Ready to Assign. Inflows can be assigned; outflows draw from the categories they're tagged to.

• Checking — your everyday spending account. Most transactions start here.
• Savings — money set aside for goals. Still on-budget, since you might shift dollars between it and checking.
• Cash — physical money on hand. Use this when you withdraw cash and want to track where it goes.
• Credit card — adds a paired Credit Card Payment category automatically. Spending on the card moves dollars from the spent category into the payment category, so the cash is earmarked to pay the bill.

Off-budget tracking accounts

These contribute to net worth but not to Ready to Assign. You use them to keep an honest picture of where you stand without having to assign their balances.

• Tracking asset — investments, home value, vehicle value. Update the balance occasionally; transactions are optional.
• Tracking liability — mortgage, auto loan, student loan. Stored as a negative balance.

Switching types

You can change an account's type from the Accounts page. Two side-effects to know:

• Switching to credit card auto-creates the payment category.
• Switching from credit card removes the payment category and unassigns any transactions that had been categorized there.

The change takes effect immediately and is saved to the active profile.