Credit

Credit

Adding a credit

Sub-Category: Choose a budget sub-category from the list. If the sub-category, you wish to use does not exist, click to create one.

Creating a Budget Sub-Category

Budget Category: Link the new credit sub-category to a budget category. If the category does not exist, access the settings menu. See the New Budget Category topic for details.

Picture: Click  to select a new icon for the credit budget sub-category.

Name (required):  Enter the name of the new budget sub-category.

Description (optional): Enter a description, if needed, for this new budget sub-category. The description is used in the operation menu and in the analysis.

Click  to save the new credit budget sub-category. By default, the new credit will be chosen for this operation.

Click to go back to the previous screen without creating a new credit budget sub-category.

—————Back to the Credit Addition Screen——————-

Icon: The  icon is set by Budget Express by default. Click it to change it.

Description: Enter a different description if needed for the new credit budget sub-category. The description is used in the operation menu and analysis reports.

Date: Displays the start date for using the credit. Note that no validation applies to the date when an operation is logged. It serves to establish the credit balance at a given time.

Balance: Enter the balance at the date specified previously. The balance serves to present the balance variation in time and in analysis.

Rate: Enter the interest rate paid on the credit balance if needed. At this time, the information is only informative, but will have a new purpose in later versions.

Limit: Enter the credit limit for the account if needed. At this time, the information is only informative, but will have a new purpose in later versions.

Balance Adjustment

A balance adjustment creates an operation in the calendar and in analysis. The previous balance at the date of the adjustment is replaced with the new balance. It is neither subtracted nor added. Click  to enter a new adjustment.

NB: The adjustment operation can be done directly from the calendar screen.

Adjustments are displayed under that tab. It is possible to display an adjustment details by clicking its date . It is then possible to modify or delete an adjustment.

Refund

A refund is used to pay back credits from a bank account or from another credit.

NB: The refund operation can be done directly from the calendar screen.

Refunds To: By default, the credit selected is shown.

From: Select the bank account or the other credit used for the refund from the list.

Refund the balance: If you change the indicator to “Yes”, the refund operation will be done automatically based on the balance of the credit at the date you will choose in the next field. The next field “Amount” will not be displayed if you choose refund the balance.

Amount: Enter the amount for the refund.

Frequency

Choose the frequency:

• Months
• Week s
• Days
• Years
• Bimonthly
• Sometimes
• Only Once
• Every

 

For the Months, Weeks, Days, Years frequencies, enter the number of occurrences for the transfer. For example, 2 indicates the refund will be done every two months/week/days/year after the start date.

Warning,

1. Every monthly operation dated on the 31st is considered and “end of the month” operation.
2. An operation that occurs on the 29 and 30 will work as any other day except in February.
   1. An operation on the 29^th, in February will be reported on March 1^st. You can create an exception if you wish to revise the operation.
   2. An operation on the 29^th will occur on the 29^th in a leap year.
   3. An operation on the 30^th, in February will be reported on March 2^nd  in a non-leap year. You can create an exception if you wish to revise the operation.
   4. An operation on the 30^th, in February will be reported on March 1^st  in a leap year. You can create an exception if you wish to revise the operation.

Frequence : Bimonthly:

Select both dates in the month when a refund occurs. In the example above, the refunds would happen on the 15^th and on the last day of the month.

Frequence : Sometimes:

Select the dates from the calendar when refunds will occur. By default, the amount is specified in the Amount field in the operation header, but it can be changed for every date.

Frequence : Only Once (default):

Select or enter the single date for the refund.

Start Date: For the Months, Weeks, Days, Years, and Bimonthly frequencies, enter the starting date for the refund.

End Date: For the Months, Weeks, Days, Years, and Bimonthly frequencies, enter the date after which the refundno longer occurs if needed. If the date is unknown or nonexistent, you can leave it blank. See the Forever field below.

Forever:  When no end date is specified for the operation, you can set Forever to Yes. Should no end date be defined but the refund is set to end at some point, specify a number of events thus instructing the program to end the refund operation once the number of occurrences is met.

Loan

The borrowing operation refers to additional loans made from a bank account or from other credits.

Loan to: By default, the selected credit is displayed.

From: Select from the list the bank account or other credit borrowing the money.

Amount: Enter the amount of the additional loan.

Frequency

Select the frequency:

• Months
• Weeks
• Days
• Years
• Bimonthly
• Sometimes
• Only Once
• Every

 

For the Months, Weeks, Days, Years frequencies, enter the number of occurrences for the loan. For example, 2 indicates the loan will be done every two months/week/days/year after the start date.

Warning,

1. Every monthly operation dated on the 31st is considered and “end of the month” operation.
2. An operation that occurs on the 29 and 30 will work as any other day except in February.
   1. An operation on the 29^th, in February will be reported on March 1^st. You can create an exception if you wish to revise the operation.
   2. An operation on the 29^th will occur on the 29^th in a leap year.
   3. An operation on the 30^th, in February will be reported on March 2^nd  in a non-leap year. You can create an exception if you wish to revise the operation.
   4. An operation on the 30^th, in February will be reported on March 1^st  in a leap year. You can create an exception if you wish to revise the operation.

Frequence : Bimonthly:

Select both dates in the month when a loan occurs. In the example above, the loans would happen on the 15^th and on the last day of the month.

Frequence : Sometimes:

Select the dates from the calendar when loans will occur. By default, the amount is specified in the Amount field in the operation header, but it can be changed for every date.

Frequence : Only Once (default):

Select or enter the single date for the loan.

Start Date: For the Months, Weeks, Days, Years, and Bimonthly frequencies, enter the starting date for the loan.

End Date: For the Months, Weeks, Days, Years, and Bimonthly frequencies, enter the date after which the loan no longer occurs if needed. If the date is unknown or nonexistent, you can leave it blank. See the Forever field below.

Forever:  When no end date is specified for the operation, you can set Forever to Yes. Should no end date be defined but the refund is set to end at some point, specify a number of events thus instructing the program to end the loan operation once the number of occurrences is met.