Accounts overview

Account types

Checking accounts

This is the generic account type in Squirrel.

Savings accounts

Savings accounts are accounts that pay interest but cannot be used directly as money. You can set up a scheduled transaction to automatically calculate your interests.

Cash accounts

Those accounts are used to represent your cash. Transactions created in cash accounts are immediatly reconciled.

Credit card accounts

Credit cards are accounts with a negative balance most of the time. You regularily transfer money from your main checking account to your credit card account to set the balance to 0. You can setup a scheduled transaction to reimburse those types of accounts from a checking account.

Friend accounts

This type of account is used to keep track of the money you borrow from your friends or the money they borrow from you. You should get an income when your friends owe you some money, and you should add an expense when your friend pays something for you. A reimbursement can be represented by a transfer from your cash or checking account to your friend account.