Personal Finance Tracker
Personal FinanceDocumentation
  • Guides
Overview
  • Introduction
Getting Started
  • Getting Started
  • Creating Your Account
  • Understanding the Dashboard
  • Setting Up Your Profile
Bank Accounts
  • Bank Accounts
  • Adding a New Account
  • Viewing Account Details
  • Editing Account Information
  • Managing Multiple Accounts
Transactions
  • Transactions
  • Filtering & Searching
  • Adding an Expense
  • Adding Income
  • Viewing Transaction Details
  • Editing Transactions
  • Bulk Editing
  • Deleting Transactions
Smart Input Features
  • Smart Input
  • Voice Input for Transactions
  • Receipt Scanning
Budgets
  • Budgets
  • Creating a Budget
  • Setting Budget Categories
  • Tracking Budget Progress
  • Editing Budgets
  • Budget Alerts
Goals
  • Goals
  • Creating a Financial Goal
  • Contributing to Goals
  • Tracking Goal Progress
  • Editing Goals
  • Completing Goals
Reports & Analytics
  • Reports
  • Viewing Financial Reports
  • Understanding Charts
  • Pie Charts & Breakdowns
  • Exporting Reports
  • Monthly/Yearly Summaries
Preferences & Settings
  • Preferences
  • Customizing Preferences
  • Notification Settings
  • Currency & Format
  • Account Settings
Tips & Best Practices
  • Tips
  • Budgeting Best Practices
  • Goal Setting Strategies
  • Organizing Transactions
  • Using Categories Effectively

Managing Multiple Accounts

Learn best practices for organizing and tracking multiple financial accounts

Personal Finance Tracker makes it easy to manage multiple accounts across different banks, credit cards, and investment platforms. Here are some tips and strategies for effective account management.

1

Organize Your Accounts

When you have multiple accounts, organization is key. Use descriptive names that help you quickly identify each account. All your accounts are displayed in a grid layout on the Accounts page for easy overview.

💡 Tip

Use clear, consistent naming conventions like 'Bank Name - Account Type' (e.g., 'Chase - Checking' or 'Discover - Credit Card').

2

Use Account Types Effectively

Take advantage of the account type system to categorize your accounts:

  • Checking: Day-to-day spending accounts
  • Savings: Emergency funds, savings goals
  • Credit: Credit cards and lines of credit
  • Investment: Retirement accounts, brokerage accounts

The color-coded badges make it easy to identify account types at a glance.

3

Track Balances Across Accounts

Your dashboard's "Accounts Overview" section displays all your accounts with their current balances. This gives you a complete picture of your financial situation across all accounts.

The Financial Summary on your dashboard also shows your total balance across all active accounts.

4

Handle Inactive Accounts

For accounts you've closed or are no longer actively using, set them to "Inactive" status instead of deleting them. This:

  • Preserves your transaction history
  • Keeps historical data for reports
  • Removes the account from active calculations
  • Maintains data integrity
5

Associate Transactions with Accounts

When adding transactions (income or expenses), you'll be able to select which account the transaction applies to. This ensures your account balances stay accurate and up-to-date automatically.

💡 Tip

Always select the correct account when adding transactions to keep balances accurate.

6

Regular Account Reconciliation

Periodically compare the balances shown in Personal Finance Tracker with your actual bank statements to ensure accuracy. If you find discrepancies:

  • Check for missing transactions
  • Verify transaction amounts
  • Manually adjust the balance if needed using the edit feature

Best Practice

Start by adding your most frequently used accounts first (usually checking and primary credit card). As you get comfortable with the system, add additional accounts like savings, investment accounts, and secondary credit cards.

This gradual approach makes it easier to maintain accurate records without feeling overwhelmed.