This video tutorial will show you how you can reconcile your account with bank statements. 

There are three ways to reconcile an account. For the first method, click on the account that you want to reconcile. Then go to File and select Reconcile Account. The reconcile account window will appear. You can tick off the transactions that matchup with your bank statement. When you are done, click the OK button. The transactions that you have checked off will also be visible in the account to show you that these transactions match those on your statement.

The second way of reconciling occurs while you are adding a new transaction. When you click on the Add button in the lower left corner of the window to add a new transaction, you will see that there is a check box to indicate whether or not this is a Reconciled Transaction. If we check off this box, when we are done completing this transaction, you will see that the check mark appears in the account, letting us know that this is a reconciled transaction.

The third way of reconciling, is to simply go into the account, and click on the box to show the transaction status. Clicking once will produce a dot, which represents the transaction being cleared. Clicking twice will show a checkmark which means that the transaction is reconciled. Nothing in the checkbox represents that the transaction is uncleared.

That is how you reconcile accounts in Money. Be sure to read the Money help manual to refresh yourself on some of these terms.

To learn about other features in this application, check out the other videos in our video tutorial series.

This video tutorial will show you how to schedule bills using Money. There are three methods that you can use to schedule bills. The first method is to go into your transaction center, and highlight the transaction that you want to schedule bills for. 

Hit the Action button on the menu bar, and then select Schedule. In the popup window, you can now give details of how you would like to setup the payment of your bill. Under the frequency option, you have multiple frequencies that you can select. As an example, I will select Everyday as the frequency. If I leave the continuous button selected, then I am indicating that this bill will occur everyday forever. If I choose the numbered option, I can now indicate how many days I want this bill to be paid for. If I select 5, then this indicates that this bill will be paid every day, for five days.

Now let’s try another method for setting up bills. Highlight the transaction that you want to schedule bills for. Drag it into the Bills section and the same popup window will appear. Once again, you can indicate how often you will be paying this bill. If I select Monthly, with a frequency of 2, this means that the bill will be paid every month, for 2 months.

The final way of scheduling a bill, is to go into the Bills window, and hit the Add button in the lower left corner. This will prompt you to enter information for a new bill. Enter all of the information for the bill. To setup the transaction to occur more than once select, the frequency. If I choose every 6 months with a frequency of 4, this means that the bill will be paid every 6 months, but for only 4 payments.

You can also see all of your scheduled bills in your Bills window. 

So that’s how you can schedule bills. To learn about the other features in Money, be sure to view the other videos in our video tutorial series.

This video tutorial will teach you how to create and use the reports section of the application Money. There are multiple report types that you can choose from. I will show you a few to give you an idea of what the reports might look like.

To begin creating a report, click on the Money button in the top left corner of your menu bar. Select the New Report option.

In the window, type in the name you want to give to this report. Next, select the account or accounts you want to include in the report.

Select the Report Type that you want to create, and then specify your Date Range. You can choose different components of the report you wish to view. You can choose from text only, charts only, or a combination of both, I will show you how these options differ. 

This is what a text only monthly report looks like. It shows our total income and our total expenses, as well as our top 5 expense categories, and our top 5 income categories.

To view this report in chart form, we must first edit it by right clicking and selecting edit report. Now we’ll choose the pie chart option and press OK. Now we can see our top 5 expense categories in pie chart format. 

If we want, we can also see our top 5 expense categories in bar chart format by once again, right clicking on the report, and selecting edit report. Then we’ll select the bar chart, and hit OK. And now we have that same information organized in a bar graph. We also have the option of viewing the reports in a hybrid of pie and text, or bar and text.

Now let’s edit the report again, but this time we’ll choose a different report type so that we can see the differences between each options we have available. When I choose spending by category, a new option shows up allowing me to choose individual categories, all categories, or only active categories. I’ll choose All Active categories, and then select the text only component. 

Now we are shown a report of our spending by category.  Automobile and Bills each had 2 transactions and are thus placed at the top of the category list. Now let’s edit this report so that we can see it in a pie chart format. Right click on the report, and select edit report. Then choose the pie chart option and click okay. 

Now we see all of our transactions broken down into a pie chart. The big orange piece of the pie shows the Bills category, with the Automobile category in red, and the clothing in blue very close behind.

Now let’s demonstrate one more report type. This time we’ll select Transaction by category,  and we’ll take a look at it using the text only option. 

This report shows us all of our transactions, listed with their respective categories, as well as their respective payees. 

With the reports, you can also view and then save them as PDF’s. This is a very helpful feature as your reports section can get cluttered over time, and saving them will make things much easier for you when you need to look back on your income and spending. 

You can also email these reports from within the application, or simply print them off.

So that is how you can use the reports features of this application. To learn more about Money, be sure to view the rest of the videos in our video tutorial series.

In this video tutorial, I am going to show you how to add stocks to your portfolio. 

First, let’s have a look at the Portfolio section of the application. The portfolio section is broken down into 4 parts. The first part is where we see the 3 default stocks, Yahoo, Amazon and Apple. Beside each stock, there is information such as Cost, Shares, Quote and Day Change

The chart on the bottom left shows the market value of your portfolio over time. You can scroll your mouse over certain dates to see what the market value of your portfolio was for that given day.

The middle chart shows the history of quotes for a particular security. Simply click on the stock that you want to see the quotes for, and scroll your mouse over the graph to see what the stocks price was at a certain date.

The market indices shows values for the major world indices, and their daily changes.

To add a new security to the portfolio, click on the Add button in the lower left corner of the window. In the popup window, type in the name of the company, and the symbol associated with the stock. If you know what the price is, enter it in the quote field, otherwise leave the field blank. To get the price of the stock, click on the Refresh button. This could take a few seconds so while we wait, let’s add another stock to the portfolio. The same process applies. When we are finished adding this stock, we can now see that the price for the previous stock has loaded. 

In order for the portfolio to show you as owning shares, you must first do two things. The first thing is open a investment account. You can do this by clicking on the plus sign in the lower left corner, selecting investment as the account type, and filling in all the other various information. 

Next, open up the window for the investment account you just created. In the bottom left corner of the screen, click on the add button. In this popup window, fill in all the information about the stock that you purchased or sold. In this example, I am going to buy 100 shares of General Electric at 15 dollars a share, with a 10 dollar commission. All of the information of this transaction is available in this investment account.

Now, when we go back to the portfolio, we see that this transaction is now accounted for as the cost, shares, market value, and gain columns show values for this stock. The same thing will happen if we short a stock. Again, open up your investment account, and click the add button. Let’s sell 50 shares of Google at 500 dollars a share and a commission of 50 dollars. 

Once again, all of the details of this transaction appear in the investment account, and the corresponding values for the sale of this stock including the negative 50 shares, also appear in the portfolio.

Now I’ll just quickly show you what happens when we sell a stock which we already own shares in. So let’s sell 50 shares of General Electric at 16 dollars a share. 

In the portfolio, we can see that the number of shares of has been reduced from 100 to 50.

So that is how you use the portfolio section of this application. To learn more about how to use Money and some of its features, be sure to watch the other videos in our tutorial series.

In this video, I am going to show you how you can import files into Money, so that if you are switching from another accounting application, you can easily integrate your old information into Money. This tutorial will show you examples of importing a QIF file, as well as a CSV file.

To import your file, click on file in the menu bar, and click on import. Then select the file that you wish to use. The next window will ask you what type of date format to use, as well as if you want to import the file into a new account, or an already existing account. It will also ask you which currency to use. When you are done, click okay.

Depending on the amount of information in your file, the import process can take about 30 seconds, so I will fast forward until it is complete.

After it’s been imported, you will see all of the information for each transaction has been inputted, and the items such as category and amount, fall neatly under the respective headings.

Now, we’ll use the same process to import a CSV file. Go to file, and select import. Then choose the CSV file. After you click okay on the next window, another window will show up, which will display all of the transactions. At the top of the window, you will need to select the headings that match up with the information in each column. 

When you click okay again, you will see that all of the transactions selected have been imported.

To export an account, select the account that you want to export, and click on file, and then export. Next, select if you want to export as QIF or CSV. Then name your file, and select a location to save it to. Then click on the export button. And you can now see my file here on the desktop where I saved it to.

So that is how you import and export in Money. To learn about some of the other features in the application, be sure to check out the other videos in our video tutorial series.

This video tutorial will show you how to use currencies with the application Money. 

Money is an application used all over the world. The program is built with over 100 different currencies in mind. It is therefore important that we specify to the program which currency or currencies apply to us. 

Click on the Money button on the menu bar in the top left corner of your screen and select preferences. Then click on the currency tab.

The first thing you can do, is specify what your default currency is. Selecting a default currency will save you a lot of time over the course of all of your transactions.

The area below shows the long list of all the currencies available in the application.  The currencies that are checked off are all of the currencies that will show up for you in the application when you are doing things such as adding bank accounts, transactions, or paying bills.

If you want to take off a currency that you don’t often use, simply uncheck it. If you want to add any other currencies, check off the box for that currency. All active currencies will be at the top of this currency box.

You can change the currency that is currently being used to show conversions by selecting the different currencies from the drop down menu. You’ll notice the changes made as each different currency is selected.

If you wish to change an exchange rate on your own, select the currency you want to change and press the Update rate button. Then type in the rate that you want. 

You can also update the currencies by clicking on the download button in the bottom right corner. After just a few seconds, the currencies will all have been updated. 

The currencies will automatically update if the Download on startup checkbox in the lower left corner is ticked. 

So that’s how you modify the currencies used in Money. Be sure to view the other videos in our video tutorial series.

This video tutorial will show you how to add a new category to your large list of income and expense categories, as well as how to add a bank to your bank list.

To add a new category, first click on the switch icon in the bottom left corner of the application which will bring up the Money settings. Now click on Categories. We now see the large list of all the default categories in the application. To add a new category, click on the Add button in the lower left corner of the window. Indicate whether this new category is an Income or Expense category. 

Type in the name of the new category, or use the drop down menu to select a parent category already created. You can also type in a subname for this category. If you have a code you can enter that, otherwise leave it blank, and you can indicated the category’s tax status. After you click OK, we can scroll down and find that this new category we just created now shows up in our list of all categories. 

If you ever want to edit one of the categories, highlight the category and click on the Edit button. You can now change whatever you want for this particular category.

If you want to add a new Bank, a very similar process applies. Click on Banks in the Money Settings, and then click on the Add button in the lower left corner of the window. In the New Bank pop up window, type in the name of the new bank, followed by your bank number, routing code, transfer code, and the bank’s address and website if you know that information. When you click OK, the bank will show up in your bank list.

Now, if you want to add an account for that bank, you can click the plus sign in the lower left corner of the application, and when you select the bank drop menu, you will see that the bank you just added now appears.

So that’s how you add new categories and bank accounts. To learn more about money be sure to watch the other videos in our tutorial series,

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.