Financial Management

This documentation explains how to use the Financial Management module in AckySHINE. This module helps you manage your finances effectively, including bank accounts, income, expenses, and budgets.

1. Main Pages/Options

• 🏦 Bank & Cash: View and manage all bank and cash accounts.
• 💵 Income: View, add, edit, and delete income records.
• 💸 Expenses: View, add, edit, and delete expense records.
• 📊 Budgets: Create and manage budgets.
• 📈 Investments: View and manage investments.
• 💾 Savings: Manage savings goals and track progress.
• 📜 Loans: Manage loan records, payments, and balances.

2. Managing Bank & Cash Accounts

To manage your bank and cash accounts:

1. Navigate to Bank & Cash.
2. Click Add New Account to create a new account.
3. Use Transfer btn Accounts to transfer funds between accounts.
4. Reconcile accounts using Reconciliation options.
5. View all transactions related to your accounts in Transactions.
6. Manage transfers with Manage Transfers.
7. Handle reconciliation records with Manage Reconciliation.

3. Tracking Income and Expenses

To manage income and expenses:

Income:

1. Navigate to Income.
2. Click Add Income to record a new income entry.
3. Edit or delete existing income entries as needed.

Expenses:

1. Navigate to Expenses.
2. Click Add Expense to record a new expense entry.
3. Edit or delete existing expense entries as needed.

4. Creating and Managing Budgets

To create and manage budgets:

1. Navigate to Budgets.
2. Click Add Budget to create a new budget plan.
3. Edit or delete budgets from the list as needed.
4. Track progress against the budgeted amounts.

5. Managing Investments, Savings, and Loans

Investments:

1. Navigate to Investments.
2. View details of current investments.
3. Add, edit, or delete investment records.

Savings:

1. Navigate to Savings.
2. Create and track progress towards savings goals.
3. Edit or delete savings goals as needed.

Loans:

1. Navigate to Loans.
2. Add loan details, including amounts and repayment schedules.
3. Edit or delete loan records as needed.
4. Track payments and balances for each loan.

6. Notes

• Ensure all financial data is accurate for effective management and reporting.
• Use the reconciliation feature regularly to balance accounts.
• Leverage budget and savings tracking to meet financial goals.