Quick Reference: Envelopes and Accounts: Transaction Types

Here’s a quick reference for different types of transactions and how they affect Envelopes versus Accounts.

This quick reference assumes you are using EEBA with the Accounts feature turned on.

Transaction Type How It Affects Envelopes How It Affects Accounts Use This For
Record Expense Transaction amount is deducted from the envelopes selected (including multiple envelopes in the case of a split) For the Account selected:

* Balance decreased if Checking, Savings or Cash-type Account

* Balance increased if Credit Card-type Account

Regular payments to a store, utility, landlord, etc.
Record Expense with Credit/Refund selected (in app) Transaction amount is added to the envelopes selected (including multiple envelopes in the case of a split) For the Account selected:

* Balance increased if Checking, Savings or Cash-type Account

* Balance decreased if Credit Card-type Account

Credit back from a store (a return, refund).

These transactions offset regular expenses in the Expense reports.

TRANSFERS
Transfer Between Envelopes

(also “Transfer Money” when on Envelopes tab in app)

“From” envelope is deducted from; “To” envelope is added to. Not affected Moving money between envelopes to keep all envelope balances positive.

NOTE: This movement does not have any effect on your Expense reports, since these aren’t actual expenses.

Transfer Between Accounts

(also “Transfer Money” when on Accounts tab in app)

Not affected “From” Account is deducted from; “To” Account is added to.

NOTE: In the case of Credit Card type Accounts, “adding to” the Account reduces the balance.

Examples:

* Paying off your credit card (Transfer from Checking to Credit Card).

* Cash advance from credit card (Transfer from Credit Card to Checking).

* Withdrawing via ATM (Transfer from Checking to Petty Cash).

* Depositing cash at ATM (Transfer from Petty Cash to Checking).

INCOME
Add Money

(Also “Add $” in the app)

Envelopes you specify get the amount specified added to it.

Your “sweep” envelope, if any, gets the difference between all of the other specified actions and the total amount specified added to / subtracted from it.

Account specified gets the total amount specified added to it. Receiving your normal paycheck, gift money from grandpa, etc. when you want to distribute the money you receive immediately.

Add Money: Keep Unallocated

(Web only)

“Unallocated Income” “envelope” (only shown on the Web currently on the Envelopes…Overview page) gets the total amount specified added to it.

Regular budgeting envelopes (whether monthly/weekly or annual/irregular) are not touched.

Account specified gets the amount specified added to it. Receiving your normal paycheck, gift money from grandpa, etc. when you don’t want to place that money in your budgeting envelopes at the time of receipt.
Add Money: Distribute from Unallocated

(Web only)

Unallocated Income “envelope” (only shown on Web currently on the Envelopes…Overview page) gets the total amount deducted.

Envelopes you specify get the amounts you specify added to them.

Not affected. Distributing money that you previously left unallocated (not placed in your budgeting envelopes).
ACCOUNT ADJUSTMENT
Adjust Account Balances

(Web only)

Not affected. Account specified gets adjusted as specified. Setting a starting balance or adjusting a current Account balance to match what your bank is reporting.

This should very rarely be used.

Thanks, ksee for the question!