Video Tutorial - InEx Finance Overview
InEx Finance is a personal money management software intended to make expense tracking and budgeting simple, intuitive and useful.
After successful registration, you will land on the dashboard page. This is your account homepage that contains quick links to all key tools available in InEx Finance system. You can get access to these tools from the top menu as well.
Let's get you started with some basic settings for your account. The Language/Currency settings allow you to select the default currency for your account, as well as any additional currencies you plan to record Transactions in. InEx Finance supports more than 70 world currencies, and the list is being continuously extended. Here you can also set the default language for the user interface. When you are done with customizing your Language/Currency settings, don't forget to click on Save button.
Resource – is the source of money you handle in your everyday life. A Resource is the place where you store your earnings and later use this money to pay for goods or services. The most common types of Resources are: bank accounts, credit/debit cards and cash (in other words, money in your wallet).
Category – is the label you assign to your income and expenses. A Category defines the nature of your transaction, serving as an identifier to help you group and easily organize your financial data. You may create as many Categories as needed, for example: "Food", "Clothes", "Entertainment", "Salary", "Child Benefit" and so on. A Category can have several sub-categories.
Transaction – represents the actual recording of your money movements in and out of your Resources, as well as between Resources. A Transaction is necessarily linked to a Resource and Category. It also has a date, currency and amount. In InEx Finance there are 4 types of Transactions:
- Standard (to designate your regular income or expense);
- Transfer/Exchange (to designate currency conversations or transfers between Resources);
- Correction (to make adjustments or record a Resource initial balance);
- External Transfer (to designate transfer of funds among InEx Finance users).
Budget – is a monthly plan on income and expenses within Categories. A Budget defines specific spending limits or expected earnings, and also shows progress of your spending or saving activity during a month.
Event – is a rule with an associated preset template, according to which Operations are automatically generated. By their nature, Events can be one-time or recurring. The Calendar is just a visual representation of all your past, present and future Events.
Operation – is a Transaction template generated from your Event. Operations are automatically created on the indicated dates and with the predefined frequency. Operations are not accounted for in any report, since they must be confirmed before turning into regular Transaction.
Goal – is a special type of Resource, which stores the target amount you commit yourself to save by a certain date (for example: vacation or purchase of a new car). Moreover, a Goal also shows the funds you've already managed to save and the progress made towards reaching your Goal.
Credit – represents the amount of money you owe (in other words, your debts: student loan, money owed to relatives) or the amount of money others owe you (in other words, your deposits: savings accounts, money lent to friends). Credits can be paid by installments or increased over time. A Credit has an expected return date by which the debt should be repaid or the deposit should be recovered.
Now you are all set to start managing your personal finances with InEx Finance.
Thanks for watching and hope to see you again soon!