Home Products Downloads News Store Support Forums

iCash - Personal Finance | Frequently Asked Questions

iCash - Personal Finance

Frequently Asked Questions

Compatible with MS Windows Compatible with MacOS


Managing Credit cards
If it is a real credit card you have to create it as an account of type 'Liabilities'. Let's see an example. Let's say you purchase some stuff with your card for $500.00. This card has been created with a starting balance of $0.00 and of type 'Liabilities'. This is the transaction:

Date Origin Account Target account
Amount
08/31/2003 My credit card My stuff
500.00

After this transaction 'My credit card' has a new balance of -$500.00

Then let's say payment is made monthly like a loan with a 5% interest for a period of 12 months. The monthly transactions will look like this:

Date Origin Account Target account
Amount
08/31/2003 My checking account My credit card
40.70
08/31/2003 My checking account Financial expenses
2.13

'My credit card' balance becomes -500 + 40.70 = -$459.30
'Financial expenses' is an expense account we have created to compute interests.

And next month:

Date Origin Account Target account
Amount
09/31/2003 My checking account My credit card
40.87
09/31/2003 My checking account Financial expenses
1.96

'My credit card' balance becomes -459.30 + 40.87 = -$418.43

and so on until last month when 'My credit card' will have again a balance of $0.00, 'My Checking Account' will have been debited for $500.00 and 'Financial expenses' account will have a balance of $13.96. Note that the calculation has been made with our Loan Calculator (Loan Calc)

Of course if payment is made in one only transaction with no interest, the transaction will be far much simple:

Date Origin Account Target account
Amount
08/31/2003 My checking account My credit card
500.00

You simply credit 'My credit card' and debit 'My checking account' for $500.00


Generic questions
New paragraph
How do I install Maxprog software on my computer?
macOS
MS Windows
New paragraph
How can I change an application language?
macOS
MS Windows
New paragraph
How to register the software I've just purchased?
macOS
MS Windows
New paragraph
How can I recover the serials I have lost of products I purchased here?
macOS
MS Windows
New paragraph
How can I recover my serial from a registered application?
macOS
MS Windows
New paragraph
How can I find out the product name and version my serial unlocks?
macOS
MS Windows
New paragraph
Where can I read your software License Agreement?
macOS
MS Windows
New paragraph
The software doesn't start, runs very slowly or crashes often, how comes?
macOS
MS Windows
New paragraph
Double-clicking on my files no longer opens them with the software, why?
macOS
MS Windows
Stan Busk If you want to make the most of the software that you have acquired at Maxprog, do not miss the Stan's Blog. It is a library of Tutorials and Tips covering specific features and tipical problems you may have when using our tools. This page is updated regularly depending on the topics discussed in our public forums and issues reported thru our HelpDesk. If you are interested on what we are currently working on (or want to participate in beta testings) don't miss the Stan's Logbook.
For years, MAX Programming has provided companies around the globe with sophisticated and innovative solutions. Our commitment to quality is not only evident in our products, but also in our people. It is our mission in Professional Support Services to ensure that our products perform to the fullest of their ability in order to meet the business objectives of our customers. We provide the tools and information required for improved productivity. To accomplish this, we offer an array of services including: Technical Support, Education Services and Consulting Services.

Maxprog is part of an internet site network made of desktoolset.com, emaildesignstudio.com, familycash.com, icash.promo, maxbulkmailer.com, maxprog.com, maxprog.net, maxprog.org, maxprog.us, myrecipients.com, newslettercomposer.com, sharedcontents.com, stanbusk.com, stanbusk.pairserver.com, usertools.com.
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.



 !  WAIT! In order to add a comment below just use your Facebook, Google+, Twitter or Disqus login data.

Home Products Downloads News Store Support Forums