In this video, I will show you how to add a bank account and record transactions using the application Money so that you can easily keep track of your income and expenses.

First, to add a bank account, click on the plus sign in the lower left corner. The account type is already set at what we want, so there is no need for us to change that option. Now we need to add an account name. You can use names such as Savings or Chequing, or whatever else you want. Type in the Bank name for which your account is at. I have already added a couple of banks so I am just going to use the drop down menu to find the bank. Then type in your account number, as well as the current balance in your account.

Now that our bank account has been added, let’s add a transaction to see what happens. In the transaction center, click on the Add button in the lower left part of the window. We are inputting a monetary outflow, so we’ll leave the type set at withdrawal. The account we are using is the bank account we just set up called Savings. Under category, we’ll choose Automobile-Gas expense and 30 dollars as the dollar amount.

If we go back to our Savings account window, you will see that our transaction is now included in this window, and is reflected in the new balance at the bottom of the screen.

To further our demonstration, let’s add another expense to see what happens. We’ll use the exact same process for adding this expense, however, this time we will select Bills-Membership fees for our category. Our amount this time will be 45 dollars. You can also type in any comments you want for each transaction. 

Now we’ll do one more transaction, but this time we will add a monetary inflow. The same method applies, however we must now change our transaction type from withdrawal to deposit. In the category menu, we’ll scroll down until we find Wages and Salaries. This transaction will represent income from a part time job for example. We’ll make it for 300 dollars.

Now, if we head back to our savings account again, you will see that those two transactions that were just shown are now visible in the savings account, and again, the changes are now reflected in the balance at the bottom of the screen.

If you want to view your transactions again, you can view them in the transaction center in different ways. The first view is what we have been showing in the past. The second view shows the categories with different icons, and the third view shows the categories with Cover Flow.

I am going to add one more transaction to see why these different views can be useful. In this case, I want to add another transaction with a category that I have already created a transaction for in the past. So for this example, I will choose the Automobile category. 

Now that I’ve added my transaction, we can see that it has been added to the list in the Cover Flow view. Now if we go to the icon view, we notice that no new icon has been added. This is because the transaction is under the Automobile category, which was already present. All we have to do is double click on the icon, and we now see that the transaction we just created is included with the remaining Automobile related transactions.

So that is how you add a bank account and create transactions related to that account.

In this video tutorial, I am going to show you how to create and use a budget using the application Money.

To create a budget, click on the file tab and select New Budget. A popup will prompt you to enter a name for your budget. I am going to call this one Student Budget. 

When you are done, you will be taken to the budget screen which separates Income from expenses. The first thing I want to do, is tell the application how much income will be coming in per month. To do so, click on the Add button in the lower left corner of the budget window. 

A popup will appear, which will allow you to input my income or expenses. Under Category, I am going to select Salary and wages. I will select Monthly as the frequency for this amount of income, and then I will put in the amount of money that will be coming in.

Now that my income is set, it is time for me to start putting in some expenses. To put in my expenses, I will do the same process. First I will click on the Add button in the lower left corner of the window. Since this is money going out, I will select the Expense option so that the application knows that this is what I budget to spend.

Under category, I will choose Personal Care, with a monthly frequency. Then I will type in a the amount of money that I am budgeting to spend on personal care. I will  budget 40 dollars a month for personal care. 

To add another expense, repeat this exact process. Click on the Add button in the lower left corner of the budget window, then select the expense option, and then find the category you wish to use for your expense. I’m going to choose Leisure with the subcategory Entertainment  with a monthly frequency, and 80 dollars as my limit. 

I’m going to add one more important expense for any student budget, which is under the category of Food, and the subcategory Alcohol. Again, I will choose monthly as the frequency, and I will set my limit to 50 dollars.

So now that we have some income and expenses inputted, let’s check out our Budget monitor to see how we’re doing.

So in the budget monitor, you will see that it will show you the amount you have budgeted for each category, and the actual amount spent. 

Let’s say you just went and picked up a case of beer or two. In the transaction center, click on the Add button, and under category, find the Food-Alcohol option. Then type in the amount you spent, so for this example, I will type in 25 dollars.

Now let’s say you came back from shopping for some toiletries. Click on the Add button, and input Personal Care as the category, and then put in the amount spent which will be 60 dollars for this example.

Now, if we go back to the Budget Monitor, we can see that under food-alcohol, our actual expenditure is 25, while our budgeted amount is 50. The green color on the bar shows that we still have some room for more alcohol expenditure.

Under personal care, our actual amount reads 70, while our budgeted amount is 40. The red bar indicates that we have gone over our allocated amount.

Now I just want to show you what happens when you already have an expense with a subcategory, and then you add an expense with the Parent category. So for this example, I will use the Food category.

After I add all the details, back in the budget monitor, we can see that the parent category also displays the 25 dollars, which was already spent on alcohol, but the budget amount for food is 100 dollars, which is what we just inputted. This means that the 25 dollars spent on alcohol is included in the total budget for food..

At the bottom of the budget monitor window, the green bar shows how far along with our expenses we are. In total, we budgeted for 270 dollars to spend this month. Currently we have spent 120 dollars. The green bar represents the 120 dollars, and the grey part represents the remaining 150 dollars.

In this video tutorial, I am going to show you how to create an invoice using the accounting software, Money by Jumsoft.

To show you a complete way of creating an invoice, I am going to start by showing you how to add items to your inventory list, as well as adding clients or customers to your Payee list.

To add an item to your inventory, click Inventory, and then hit the Add button in the lower left corner of the inventory window. A popup screen will appear prompting you to add as much information about your product as possible. If you are a service oriented business, then you can still work with the inventory option, however, you most likely will not have an SKU. Make sure you enter accurate values for your tax rate and unit price, as these are the numbers that will appear on your invoice.

To add a payee, click on Payees, and then select the Add button in the lower left corner. If you are billing to a company, make sure that you let the application know by checking off the Is A Company option. Fill out as many fields as possible. When you are finished, hit the OK button. 

Our next step is to create the invoice. Click on Invoices, and again, click on the Add button in the lower left corner. 

Type in an invoice number in the first field you see. Then select the Payee whom you wish to send the invoice to. To add a product from your inventory, hit the plus sign. A drop down menu appears under the SKU category allowing you to choose which product you are billing for. If you wish to have multiple products, you can add more by once again clicking on the plus sign and selecting your product. 

Now you can see the total you will be billing. You can also set a date to send out the invoice on and a due date for the invoice. If you want to add a discount to the bill, select the discount option, and type in the percentage that you wish to discount.  

When you are done, you can preview what your invoice will look like. You are able to customize the invoice to your liking. You can also email the invoice, or print it from within the application.

To customize your invoice, select the Layouts button. In this screen, you will be able to modify the invoice template to your preferences. If you wish  to add an item such as a logo, you can drag the Your Logo button onto the invoice, and then you are free to move it around and further customize it to your liking.

So that is how you create an invoice properly using Inventory and the Payee list.