Account types

Reference

The five account types side by side: what goes where and how each one counts.

• 🏦AssetsWhat you own: bank accounts, cash, savings, money others owe you.
• 💳LiabilitiesWhat you owe: credit cards, loans, mortgages.
• 🛒ExpensesWhat you spend on: groceries, rent, fun. Your budget categories.
• 💶IncomeWhere money comes from: salary, gifts, interest.
• ⚖️EquityStarting balances and corrections.

You pick the type when you create an account, and it can’t be changed afterwards. The type decides how the balance reads and what the account does in your budget. The full explanation is in The five account types.

At a glance

Type	Usual balance	Color
Assets	positive	blue
Liabilities	negative	red
Expenses	positive	orange
Income	negative	green
Equity	negative	gray

The color is the default for new accounts of that type. You can change it, and add an Emoji, at any time.

Assets

• Examples: checking account, savings, cash in your wallet, money someone owes you.
• Balance: what you have. The overview shows it as of today, in red if it’s below zero, and the cleared balance underneath when the two differ.
• In the budget: cleared income dated today or earlier, opening balances and corrections, and loans paid out count towards Available. Spending from an asset account that isn’t budgeted lowers next month’s To assign.
• Receipts: can have card digits and can be your Cash Account.
• Icon: a bank building.

Liabilities

• Examples: credit cards, loans, a mortgage.
• Balance: what you owe, as a negative amount. The overview shows it in red.
• In the budget: its own section in the budget editor. Budget that covers a card purchase is set aside for the card; you can also assign money to it directly. Payments to it from an asset account count as Liability repayment.
• Receipts: can have card digits and can be your Cash Account.
• Icon: a credit card.

Expenses

• Examples: groceries, rent, fun, insurance.
• Balance: in the books, the total you’ve spent there. The overview shows how much of its budget is still available instead, in green, orange, red or gray.
• In the budget: every expense account is a budget category. It’s the only type that can have a Parent Group.
• Icon: a shopping cart.

Income

• Examples: salary, gifts, interest.
• Balance: negative, the total you’ve earned. Monthly summaries and charts show income as a positive amount.
• In the budget: income counts towards Available once it’s cleared and dated today or earlier.
• Icon: an arrow pointing down to a line.

Equity

• Examples: “Opening balances”, “Corrections”.
• Balance: usually negative, the mirror image of the opening balances of your asset accounts.
• In the budget: what you book between an equity account and an asset account counts towards Available straight away, cleared or not.
• Icon: a pie chart.

What you can’t change

• The type of an existing account. Create a new account with the right type instead.
• Accounts can’t be deleted or archived yet. An account you no longer use stays in the list.

The exact budget rules for each type are in Budget formulas.