Accounts

Accounts represent where your money lives: checking, savings, credit cards, and cash.

Add an account

1. Go to Accounts in the sidebar
2. Click Add Account
3. Choose the account type
4. Enter a name (e.g., “Chase Checking”)
5. Enter the current balance

Tip: Use the actual balance from your bank statement, not what you think it is.

Account types

• Checking: Your primary spending account. Most day-to-day transactions happen here.
• Savings: Money set aside for specific purposes. Tracked separately so you always know what’s available to spend versus what’s saved.
• Credit Card: When you charge something, the money is committed from your budget immediately, not when you pay the bill.
• Cash: Physical cash on hand. Useful if you use cash for certain categories.

Account balances

Each account shows two numbers:

• Cleared balance: Transactions that have posted to your bank
• Uncleared balance: Pending transactions that haven’t posted yet

The working balance is the sum of both.

Close an account

If you close a bank account or pay off a credit card, you can close it in Budgetwise. Closed accounts are hidden from the sidebar but their transaction history is preserved.