Balance Keeper - Free

This app is the free version of the BalanceKeeper app. When compared to the paid version, the free version lacks some controls in generation of reports.

This software works on the basis of transactions.
SELECTING CREDIT OR DEBIT TRANSACTION TYPE IS ESSENTIAL FOR PROPER ACCOUNTING USING THIS APP.

CRDIT is the transaction type used to increase the balance amount of any head of account. Each BALANCE ADDED transaction reduces the cash at hand by the same amount as the deposit made to the account. This transaction is used for deposit in bank or lending to a person.

DEBIT is the transaction type used for Withdrawal from bank account. The same is the transaction type used for receiving money from somebody as a payment for or as loan. This transaction increases cash at hand and reduces the balance position of the respective head of account.

Some transactions require double entries. Following are the typical situations requiring double transaction entries:
1) Fund transferred from one account to another - requires one BALANCE DIMINISHED (source account) and a BALANCE ADDED (destination account). Both transactions have identical money value.

Description is anything meaningful to remember the purpose of the transaction, similar to the remarks made in bank transactions. It helps to clarify the situation.

Head of account is the name provided for grouping the expense, income, balance or asset types in easily identifiable heads of account.

The amount entered in the amount column is the transaction value.

Any mistakes made in transaction entry may be corrected by pressing Review Transaction button. It fetches a list of items. Click the wrong transaction. A separate dialog opens to permit editing of the values. Pressing I date button saves the changes. Pressing Delete button deletes that particular record from the database.

Pressing Export button creates text file containing all the transactions and permits sharing of the same over any available means. This file can be sent to another device or computer, copied to the clipboard and then imported into account manager.

Pressing Import button acquires transaction entries from the from a backup file, either saved previously or received through sharing. Depending upon the number of records, the app may freeze for a while. Wait with patience till the app becomes sane again.


Sharing of records may be carried out using Export and Import from clipboard items found in the ActionBar (Menu).nn

If you forget the password, you may restore AccountManager by getting an SMS containing your password.

(i)Transfer: To transfer money from one head of account to another (like transfer between accounts, money repaid by someone through bank deposit), press the Transfer button. After setting the date, enter the source head of account from which money is debited, make a brief description for clarity, enter the beneficiary head of account and enter the amount of transfer. Press Insert button. After the transaction is inserted. Then press Close button to finish.

Combined transactions make two transaction entries, one for adding to diminishing from an account and another for the actual purpose like income, expense,balance or asset related trqnsaction.

Each login session is valid for 30 minutes. After 30 minutes, time out occurs and one needs to login again.nn

I should be happy ro receive suggestions regarding the app.

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