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Welcome to the daily-money wiki!

Concepts

The concept of daily money phone-application is very simple: You configure various Accounts (banks.A, food.dinner,) and you record money Transactions between them. You may then view Reports with their weekly/monthly/weekly balance and send email with them attached as CSV files.

Accounts

• Users may create (or use the already created ones) Accounts with the following attributes:
  • name: (Since 0.9.5) names maybe hierarchical splitted by . (dot), Ex: Food.lunch, Food.dinner.
  • type: see below for available types and their utility.
  • initial-value: used for calculating the total-balance.

Tips for naming Accounts

• To sort your accounts, add 1,2,.. or A.B,.. prefixes to the names of your accounts.
• The name-hierarchy facilitates the selection of Accounts when editing Transaction details.
• For hierarchical names, the totals are reported also on all parent prefixes.

Account Types

Each Account belongs to one of the 5 Account-types, below. These define the balancing-method to use. Additionally, the selection-lists for the From: and To: fields on the Transaction details contain certain account-types only.

• Income: e.g. "salary", "rent". May appear only as From: in transaction-details.
• Expense: e.g. "food", "entertainment". May appear only as To: in transaction-details.
• Asset: e.g. "bank-account", "cash". May appear both as From: and To: in transaction-details.
• Liability: e.g. "credit-card", "loan", "rent". May appear both as From: and To: in transaction-details.
• Other: an "asset" like type.

Transactions

For each daily-money detail record, user have to fill following details:

• Date: When the Transaction took place.
• From: Any Income, Asset, Liability or Other account.
• To: Any Expense, Asset, Liability or Other account.
• Value: The money transferred between the accounts.
• Note: Description of the Transaction.

Transactions(TX) Balancing rules

Balance for a time-period (month/year)

Balance(Account.Income)    = Σ(TX_From)
Balance(Account.Expense)   = Σ(TX_To)
Balance(Account.Asset)     = Σ(TX_To) - Σ(TX_From)
Balance(Account.Liability) = Σ(TX_From) - Σ(TX_To)
Balance(Account.Other)     = Σ(TX_To) - Σ(TX_From)

Total Balance

• When calculating the "total" balance in an account, in the formulas above the initial-value from each account is also added.
• All archived Details are not editable and not included in total balance counting.
• The initial value of Asset type account will be updated after Details archived.