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The Accounts screen provides a summary of all the accounts. There are four different account categories: Asset, Liability, Income and Expense. Typical asset accounts include bank accounts, cash, and investments, while typical liability accounts include credit cards and loans.
There are two ways to view the accounts: List or Icon view. In Icon view, the different Asset and Liability accounts are shown with icons indicating the account type. List view shows the name, number of transactions, and balance or value of each account.
Income and Expense lists the categories that each transaction is filed under and provides similar functionality as the Categories screen. The options and features involving Income and Expense accounts are described in detail in the upcoming Categories chapter. The rest of this chapter will focus on Asset and Liability account functionality.
To create an account using the accounts view click on the Accounts icon in the view selector and then right click on the Asset tree icon in the right hand view and select New account from the popup menu. The Asset tree holds all of your accounts that are an asset. Assets, and all the other account types, are discussed in more detail later in this manual.
As with the personal information dialog, this data is not currently used by KMyMoney but will be required by future releases for certain features. Once you have entered the name click on OK to select the institution or click on Cancel to not use an institution for this account. To select an existing institution simply click on the institution drop down list.
Enter an institution if needed and click on Next.
From the next page you can select an account type. Seven choices are displayed:
A normal current account, the type you get with any high street bank.
A normal savings account, the type you get with any high street bank.
An account to represent your credit card.
A general purpose account typically used for accounts not held at a bank.
An account to manage a loan.
An account to manage assets.
An account to manage a liability such as money you borrowed.
Select the account type and click on Next. Note, if you have selected a Loan account type please see the loans section for information on how to proceed. Any other account type please read on.
You can set the account name in the next step.
Enter the account name, usually your title, initials and surname if it is a bank account, into the required fields.
To make this account your primary account check the tickbox labeled Preferred account This account will then be used by default within KMyMoney for your convenience.
To proceed to the next step click on Next.
The next step prompts for the account number.
If this is a bank account then enter the account number in the required field. If this not a bank account or you do not know the account number the field can be left blank.
To proceed to the next step click on Next.
The final step, (except for Credit Card account types), is to set the opening date and balance for the account.
If this is an existing bank account this information can be found on your statement otherwise the opening balance can be left at zero if it is a new account.
If this is not a Credit Card account then all required information has been gathered and you can add the account to KMyMoney by clicking on the Finish button. If you do not wish to add the account click on Cancel.
When creating a Credit Card account one more step is required; creating a scheduled transaction.
A transaction can be setup to automatically pay the balance for you. To create the transaction make sure the tick box is checked and enter the required information. Click on Finish to add the account and create the scheduled transaction if one was specified.
Click on Finish to create the account.