Accounts

Manage all of your accounts like Credit card, Bank, Loan, Cash, Brokerage, Investments, Wallet, etc. See your account transactions and their balance at any time. Even you can transfer the amount from one account to another and keep your balance updated.

  • Go to Dashboard > Menu > Accounts.
  • Click on + icon to add new account.
  • Select account type.
  • Select service provider (like Bank), if available.
  • Provide account name (Optional).
  • Provide starting balance/due amount.
  • Click on done icon, on top right corner to save your account details.
How can I add an accountHow can I add an account
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  • For bank, cash and other accounts: This is starting balance for an account from which the income and expense transactions will be added and deducted respectively to get current account balance.
  • Below is an example to understand it better:
  • Let's say you create an Account like Chase Bank with starting balance of $1500.
  • Now you make 2 expenses of $200 and $300 respectively.
  • You make an Income/earning of $1000. Please note that only income/earning transactions older than current months are considered here and the not the future income transactions.
  • The final balance on an account will be calculated as: $Current balance = $Starting balance + ($ Income transactions on account ) - ($ Expense transactions on account).
  • So here final balance shall come out as $1,500 + ($1,000) - ($200+$300) = $2,000..
  • For credit card account: This is starting due amount for a credit card, any expense transaction added or bill marked paid, further will be added to this amount to get current due amount.
  • Below is an example to understand it better:
  • Let's say you create an Credit Card account like Discover with due amount of $1,500.
  • Now you make 2 expenses from this credit card of amount $200 and $300.
  • You make an bill payment of $400 to this credit card.
  • The current due amount on this credit card will be calculated as: $Current due amount = $Starting due amount + ($ Expense transactions on credit card) - ( $ Bill payments to credit card).
  • So current due amount shall come out as $1,500+ ($200+$300)-($400) = $1,600.
  • For loan account: This is starting outstanding amount for a loan account, any bill/expense transaction added further to this loan will be reduced from this amount to get current outstanding balance.
  • Below is an example to understand it better:
  • Let's say you create an Home Loan account with outstanding amount as $25,000.
  • Now suppose you make 2 bill payments to this loan account of amount $1,000 and $700.
  • The current outstanding amount for this loan account, will be calculated as: $Current outstanding amount = $Starting outstanding amount - ($ Bill payments to loan account).
  • So current outstanding amount shall come out as $25,000 - ($1,000+$700) = $23,300.
  • Yes, however it is the value which should not be changed frequently, as it used to calculate the current account balance or due amount.
  • Go through the answer for question 1 explaining in detail about this.
  • Go to Dashboard > Reports > Statement.
  • Provide Start date & End date.
  • Select output type Excel/PDF.
  • Select category wise statement or Account wise statement:
  • *Category wise statement consist of category detail for each transactions.
  • *Account wise statement will give you statements for all of your accounts separately
  • Click on button 'SEND OVER EMAIL''
  • You should see an email from TimelyBills in some time with your statement.
How can I get my account statement?How can I get my account statement?
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  • No, TimelyBills never connects with your real bank account. TimelyBills works only on data provided by you.
  • Go to Dashboard > Menu > Accounts.
  • List of all the accounts will be shown.
  • Tap on particular account to see its detail
  • Account detail screen will appear
  • Click on three dots icon on top right and you will see Delete option, click on it.
  • Provide your confirmation.
  • It will delete the account.
How to delete an account?How to delete an account?
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  • No, Deleting an account will not delete the associated transactions at all. However you will not be able to associate this account for future transactions.

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