Entries by jmguyot

How to set the initial balance of my bank account

It is important to understand that bank accounts are part of your financial assets. It is an asset that you own. As in double-entry accounting, at least 2 accounts are modified per transaction, you must ask youself what is the dual account of your bank account in this instance. It’s very simple. It is your […]

5 reasons why you should enter your transactions

BudgetInMind aims at helping you understand your income and expense trends, get a good grasp at your assets and at what you owe. While the idea of mastering its own spending is a source of motivation, many of us struggle with the fact that, to reach this objective, one needs to enter transactions manually. It […]