Unlike other products iCash uses accounts to represent absolutely everything from Banks to Expenses allowing you to get individual balances at any time, generate customized and detailed reports and track every single money matter. All those accounts are arranged into categories and types.
Categories are freely editable and are classified into types. Types are the topmost account classification. An account can belong to one only category and a category can belong to one only type. Types are not editable. Available types are: Banks, Incomes, Expenses, Liabilities, Portfolio, Assets and Startup. They are all identified with a colored icon on screen and a grey icon on printouts:
Startup - Accounts you need to set opening balance, not included in reports.
It is extremely important to classify properly your accounts with corresponding types as iCash fully use them to generate reports and to display the general balance. Furthermore Types are organized into 'Balance' and 'Profit and Loss'. Balance types are Banks, Liabilities, Portfolio and Assets. Profit and Loss types are Incomes and Expenses. Balance represents your assets when Profit and loss show your money flow.
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iCash is a software intended to control your personal finance, keeping track of incomes, expenses, credits, debts and Banks transactions for you. As simple as creating the accounts you need and move money between them! You don't even need to know about accounting or even care about it! Your finances depends largely on good organization that lets you know where your money comes from and to where it goes.
iCash is an easy-to-use, full featured and multi-purpose Personal Finance Manager tool for macOS and Windows intended to help you control all kinds of money issues. iCash can serve several small accounting needs for either private users, or clubs, associations, self-employed, small businesses or simply to be used at home, making keeping track of incomes, expenses and Banks transactions a snap.
With a few clicks you can begin creating accounts and making transactions in minutes.
iCash is versatil and user-friendly. For this reason it doesn't use the principle of double-entry bookkeeping making it much easier to be used by people with very little or no accounting knowledge at all.
Simply create accounts for all your expenses, incomes, Banks... and start moving money between them! iCash will then allow you to find out where all your money comes from and where it goes. All accounts are well organized according to user-defined categories and built-in types so reports can be tailored to include all records or only ones meeting specified criteria.
Cash also allows you to have as many money manager documents as necessary so you can control almost anything from Clubs, associations, home and so on at the same time.