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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.
|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.
* 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).
(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|
|“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|
|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).|
|Adjust Account Balances|
|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!