Concepts

This page contains the basic concepts and assumptions applied in MoneyManagerEx for Android app.

Deposit (Income): A transaction where the money is being received into an account. Indicates income received from another person or organization. May include salary, borrowings, or funds received for services provided or a sale of a product.

Withdrawal (Expenses): when you spend money for a service used or for a purchase of a product.

Payees: are all those who give or receive money from us.

Accounts: are all places where we keep the money, such as banks, several institutions or even our pockets.

Transaction: when we spend or receive money.

Category: identifies the reason for the transaction income or expense.

Transfer: transfer money from one place to another.

Currency: used to perform the transactions.