Introduction↓
1. Application structure↓
2. Assets and Liabilities↓
3. Budget↓
4. Transactions↓
5. Planned (recurring) transactions↓
6. Reports↓
7. Data exchange↓
Introduction
Money is a comprehensive personal finance management application, which is easy to use and combines beautiful interface and powerful features.
1. Application structure
App window consists of the following parts:
- Menu (for commands execution, all commands are duplicated with “hot keys”);
- Above window bar (includes time filter, management buttons, for example, add transaction);
- A list of main tabs (navigation between main app sections and display of aggregated information, for example, bills, balance, budget);
- Main window with information on the selected section.
2. Assets and Liabilities
Start working with the application by adding information about all your assets and liabilities.
Add information about your assets and liabilities:
- Payment accounts (accounts, which you use to pay; e.g. cash, bank account, debit cards, Internet accounts, etc.);
- Other assets (e.g: apartment, vehicle, shares, etc.);
- Credit cards (here you add only your credit cards);
- Other liabilities (e.g.: loans, debts, mortgage, etc..).
Go to “Balance” tab, tap “+” and fill in the necessary information:
- add an icon (tap the square field with the word Select and choose the icon from the list or add your own image);
- add name (short name of the entry to find it in the list easily);
- choose balance type (in what section it will be displayed);
- add description (long description and notes to the entry);
- add value (asset value or liability value as is up to date; for a credit card you need to fill out debt (how much you are owing to the bank now) and limit (how much you can get from the bank for this card);
- choose currency (the one that you will use for this asset/liability);
To save the new asset/liability tap “Save“.
Tap any account, and you will see the list of transactions for this account.
Please note that the final balance is given in the default currency, and other currencies are recalculated based on their exchange rates.
3. Budget
After setting up your Balance, go to Budget tab.
Set up the term, which you will use to set up your Budget. You may find it on top of the form. Now tap “+” and add budget entries to the section Income (list your main income sources: salary, business income, dividends, etc.), and Expenses (list your main sources of expenses: meals, housing, loans, entertainment, etc.)
Choose a type of the adding entry: income or expense. Then choose a category, for which you want to create a budget.
If there is no category that you want to have, add it by tapping “+” or edit the current category. Categories have double hierarchical structure.
Add budgeted amount to the field “Amount” for the targeted category, and in the next cell choose your budget periodicity (term for which you want to set your budget; e.g. every month) and a specific budget interval (e.g. specific month January).
Other fields are not required:
- currency (currency, which will be used for the budget entry);
- class (budget entry classification; e.g. personal or business);
- agent (connection for the budget entry, e.g. a bank, which you need to pay);
Tap “Save” and set up other budget entries similarly.
Now, when adding transactions in different categories, you can see budget progress by these categories. Also you may analyze information presented the on tabs of subsidiary budget reports.
4. Transactions
Add transactions to the application when you have actual financial activity.To add a transaction, go to Transactions tab and tap “+“.
Fill in the following fields:
- transaction type (it will influence the other fields);
- category;
- account;
- amount;
- date;
Plus there are several optional fields from More section:
- class;
- agent;
- description.
Also you may add a photo or audio attachment to any transaction using the special buttons below the form.
More details about the available types of transactions:
- Expense (regular expense transactions, e.g: a purchase in a shop);
- Income (regular income transactions, e.g.: salary income);
- Money transfer (transfer of funds from one of your accounts to another account; in this case you need to choose 2 accounts: first account will be the one, which you will take the money from, and the other one will be the account, which will receive the money. Also you will need to specify 2 corresponding amounts);
Tap the arrow next to one of the amounts if you want to use the currency converter to convert one currency into another);
- Asset purchase (when you have a transaction of buying an asset, you need to choose your asset from the list; there you will see a dialog. If your answer to the question is positive, you will increase the balance of the asset for the amount specified in the transaction; negative answer will lead to taking off your funds without adding them to the asset’s balance);
- Asset sale (transaction, opposite to the latter, and everything happens similarly; when selling an asset, the asset remains erased);
- Liability acquisition (when acquiring a liability, you need to choose the liability form the list, and specify its amount);
- Discharge of liability (when discharging a liability you have a set of new fields: Interest field is how much interest will be deducted from the account without discharging the liability; Principal field is the planned amount, which will be deducted both from your account and your liability; Extra payment field is for discharging your liability in advance, and it will also be deducted both from your account and liability).
Tap “Save” after adding the transaction.
5. Planned (recurring) transactions
Contrary to actual transactions, planned transactions do not influence the balance on your accounts and you can set a planned transaction for any day in advance.
In order to create a new planned transaction, tap “+” from the transactions tab and change the transaction type to “Planned“.
After that you will see additional fields:
- automatic (this option means that your transaction will become actual automatically on the specified date and time);
- repeat once every (this option sets up a frequency, how your transaction will be repeated, and the day till which the transaction will be repeated; if you need a one time transaction, clear the field by tapping the corresponding button).
Planned transactions will be written with different color marks on the calendar (red color for overdue transactions, blue for planned transactions, and green for actual transactions), and in the list below the calendar for the selected period.
If you want to visually extend the list of your transactions, tap the button над the calendar. You may see icons and transaction sums for each day on the calendar. By double clicking the day you will add a transaction for this day.
6. Reports
Check the final statistics in the reports.
You may choose the following reports:
- Budgeted/Actual (shows you the relation between budgeted and actual values for income and expenses);
- Assets/Liabilities (relation between assets and liabilities);
- Cash flow (the report shows actual cash flow for the selected period, and relation of planned vs. actual and income vs. expense flow).
You also may use a filter to set up a term, filter by classes, accounts, agents, transaction types, categories and by the way to group.
In the actual reports you may check details for the categories or switch your report view using special buttons.
7. Data exchange
Use various options for data exchange.
Export. The application can export data to CSV and QIF formats. To export your data go to “Tools” tab, tap “Export“,choose the period, for which you want to export your data, and accounts, which you want to export. Account type is also available for QIF files. Then choose the file type: QIF or CSV and the way to export; after clicking “Export“, choose the path for saving the file.
Import. The application can import data only in OFX and QFX formats. To import a file, go to “Tools” and tap “Import“. Then tap “+” and choose a necessary file from the disk, choose the account you need, which will be used for import, choose a category for each transaction, and tap “Import“.
Profiles. You may create several profiles and switch between them when working with the app. To do so, go to the Tools, tab “Profile“.
You may set up PIN for each profile.
Also you may have backups for each of them.
You may synchronize data between profiles (also between other Mac and iOS devices) using iCloud. To do so, set up iCloud and turn on Money option (Menu – Money – Settings – iCloud).
It is very important that they should have the same profiles. After this synchronization will be done automatically.
