Mapping your finances to KMyMoney

So, collect up your papers and see the following sections for each item in KMyMoney.

Accounts

These hold a value. Transactions are created against one or more accounts.

Accounts - Asset

These are the accounts which hold your money and possessions that you wish to monitor. The following types are available:

Checking

Standard bank checking account.

Savings

Standard bank savings account.

Cash

Money in your hand or wallet.

Loan

Loans you make to someone else.

Investment

Money you invest.

Asset

Property, collections, etc.

Accounts - Liability

These are the accounts which represent your debts and money owed that you wish to monitor. The following types are available:

Credit card

Standard credit card account.

Loan

Loans made to you, mortgages, etc.

Liability

Anything else you owe that is not a loan.

Institutions

These are completely optional and can be used to group accounts, and show a total value for all accounts in each group.

Categories

These represent non-managed income and expense accounts that do not have a value. The total value of transactions is shown against each category. A category or transfer account is required for each transaction.

Sub-Categories

Categories can be split into sub-categories, but the sub-category totals are not included in the higher level category total.

Payees

These are optional for transactions. They are required for Scheduled transactions. A transaction history, with category, is shown against each payee.

Scheduled transactions

Where regular transactions occur, these can be set up against a Schedule. Transactions are created from a schedule; any that are overdue can be seen on the home page.