Using Accounts | Goodbudget

What’s the difference between a credit card account and a debt account?

Credit Card Accounts represent owed balances that you accrue and then pay off in full each month, and Debt Accounts represent owed balances that you’re working to pay off over time. To put it another way, if you pay your credit card in full each month, it should be put into Goodbudget as a Credit … Read more

Why won’t Goodbudget recognize transactions I’ve already Imported?

When you download a QFX/OFX file from your bank or credit union, they assign each transaction on that file a unique number called a “FITID.” Goodbudget uses the FITID to identify each transaction so you don’t import the same one more than once. However, sometimes the way banks create their FITIDs changes, which means Goodbudget … Read more

Manually Import Transaction Information From Your Bank

Manually import your recent transaction information to make sure Goodbudget is up to date. You can manually import QFX (Quicken) and OFX (MS Money) files, as well as CSV files for advanced users. Manually importing allows you to create new transactions from the file you upload, or match the transactions in the file to your … Read more

How can I keep money in my savings account separate from my normal budget?

In Goodbudget, other than Debt Payment Envelopes and Debt Accounts, specific Envelopes are not directly linked to specific Accounts, and funds in all of your Accounts are pooled for use by all of your Envelopes. If you have a Savings Account in your household and would like the money in that Savings Account to not … Read more

Add a Debt Account

Whether you’re using the Free or Plus Version of Goodbudget, you can track as many Debt Accounts as you need. They’re also great for tracking your debt payoff progress for things like car loans, student loans, and credit cards that you’re working to pay off. Check out the instructions below to see how to add … Read more

How to Import CSV Files

We recommend manually importing bank activity with Quicken (QFX) or MS Money (OFX) files if your bank provides them, as they’re generally a little easier to work with. You can learn more about manually importing via these file formats here. However, if your bank does not offer QFX or OFX downloads, Goodbudget supports “CSV” formatted … Read more

Envelope balances and Account balances

Why Envelope balances and Account balances should match Envelope Balances and Account Balances are two different views of your financial picture. Account Balances talk about how much is in each of your real-world accounts. If you take all of the balances of your deposit accounts (like your Savings, Checking, Money Market account and your petty … Read more

I Have Cash in My Accounts. Why is my Net Total Negative?

Goodbudget uses the Net Total in your accounts to budget with in your Envelopes. Checking and Savings accounts are added and Credit Card accounts that you pay off every month are subtracted to show you what you have minus what you owe. This way, you’ll be able to see how much you have if you … Read more

Can I Link my Bank Accounts to Goodbudget?

Subscribers to Goodbudget’s Premium plan are able to sync their bank accounts so that transactions they make are automatically imported into Goodbudget. If you’re on the Premium plan, here’s how you can link Accounts. If you’re not subscribed to Premium, you’re not able to link Accounts in Goodbudget. Instead, you can track your actual bank … Read more

Transaction Status Explained

Wondering what the green check mark in the Status column means? In Goodbudget, your transactions can have one of five statuses: CLEARED — Transactions should be marked as ‘Cleared’ when your bank shows that the transaction went through and is no longer pending. The point of Clearing a transaction is to confirm that you and … Read more