Difference between revisions of "Edit Transaction"
| Line 3: | Line 3: | ||
Principal Plan can record four types of transactions. | Principal Plan can record four types of transactions. | ||
| − | *Simple - A transaction that is tied to an Account and a single Envelope. | + | *[[Edit_Transaction:Simple|Simple]] - A transaction that is tied to an Account and a single Envelope. |
| − | *Transfer - A transaction the moves money from one Account to another or from one Envelope to another, or both. | + | *[[Edit_Transaction:Simple|Transfer]] - A transaction the 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. | + | *[[Edit_Transaction:Simple|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. | + | *[[Edit_Transaction:Simple|Multiple Envelope Transfer]] - A transaction that moves money between one Envelope and many others. |
=Transaction Types= | =Transaction Types= | ||
| − | == | + | ==Simple== |
[[File:Xitem-simple.png|320px]] | [[File:Xitem-simple.png|320px]] | ||
Revision as of 07:33, 10 February 2012
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 the 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.