Accounts
An account is where money is kept. A bank card, cash in your wallet, savings on a deposit, a loan you have to pay back. Every transaction has one or two accounts — and the balance of each account is recalculated automatically.
Account types
| Type | When to choose it |
|---|---|
| Card | A debit card, a current account at a bank, a virtual card. |
| Cash | A wallet, an envelope, a piggy bank. |
| Savings | A term deposit, a deposit, a savings account. |
| Loan | A credit card, an installment plan, a consumer loan. The balance can be negative. |
| Debt / lending | Money you've given to someone or borrowed from someone. |
| Other | A brokerage account, a store balance, bonuses — anything that doesn't fit the other types. |
The type only affects the icon and the place in the list — all types work the same way. You can change an account's type at any moment.
Create an account
- Open Accounts.
- Tap + New account.
- Enter a name (keep it short — it appears in the transaction list), a type and a currency.
- Set the opening balance — how much money was in the account at the moment you added it to Svodly. This is a special “opening” transaction; without it the balance starts from zero.
If you're starting your bookkeeping today, it's convenient to enter today's real balance as the opening one. If you want to capture history — set a date in the previous month with the balance as of that date and then import transactions for the period.
Transfers between accounts
Withdrew cash from a card, put it into savings, paid off a credit card — these are all transfers. They are neither income nor expense — in analytics, transfers are excluded so as not to distort the statistics.
- On Transactions, tap + Transfer.
- Choose the “From” and “To” account, enter the amount.
- If the currencies differ, a rate block opens with three fields — debit, rate and credit. Fill in any two — the third is computed automatically. Below the block the rate is shown both ways (for example, 1 ₽ = 0.01 $ / 1 $ = 100 ₽).
A transfer between two books is a separate scenario. See “Books” → “Transfer between books”.
Several currencies
Accounts in different currencies live in one book without any trouble. The conversion rate is entered manually when transferring between accounts of different currencies and is saved in the transaction itself. There's no automatic fetching of rates, and amounts of transactions in different currencies don't mix: a grand total by amount isn't shown in the transaction list, and the balance of each account is visible in its own currency on the “Accounts” screen.
Archiving and deleting an account
Closed a deposit, gave up a card — it's better to archive the account. Archived accounts disappear from the choices when creating a new transaction, but the history and the balance as of a date remain.
You can delete an account if it has no transactions. If it does, the system will offer either to delete it along with the transactions or simply to archive it. Archiving is almost always the right choice.
Where to go next
- Transactions — how to add movements on accounts.
- Categories — what exactly you spend on.
- Analytics — reports by account and group.