Edit Transaction

Overview

Principal Plan can record four types of transactions.

• Simple - A transaction that is tied to an Account and a single Envelope.

• Transfer - A transaction that moves money from one Account to another or from one Envelope to another, or both.

• Regular Multiple - A transaction the is tied to one Account and many Envelopes.

• Multiple Envelope Transfer - A transaction that moves money between one Envelope and many others.

Transaction Types

Simple

Example: You write a check at the grocery store and the entire amount comes out of your Groceries Envelope.

Transfer

Example A: You transfer money from your Checking Account to your Savings Account. (Accounts only)

Example B: You transfer money from your Savings Envelope to your Decorations Envelope. (Envelopes only)

Example C: You transfer money from your Checking Account to your Savings Account and from your Miscellaneous Envelope to your Savings Envelope. (Both)

Regular Multiple

Example A: You deposit a paycheck into your Checking Account and allocate it to many Envelopes.

Example B: You buy a number of items at Costco and some of them come out of your Groceries Envelope and some of them come out of your Clothing Envelope.

Multiple Envelope Transfer

Example: You transfer money from your Miscellaneous Envelope into several other Envelopes.