Adding Accounts

To keep track of an account's activity, such as your checking account, you must first add the account to Moneyspire. To add a new account, click on the Tools->Accounts menu option and then click the Add button. Below is an explanation of the fields you have to fill in:

Account Name

This is the name of the account. You can enter any name you want, for example: "Checking," "Visa," "George's Bank Account," and so on.

Account Number

This is the account's number (such as a bank account number) and is used solely as a reference for your convenience. This is optional.

Account Type

This is the kind of account you are adding. There are seven kinds of accounts:
  1. Bank: This is a typical bank account, such as a checking or savings account.
  2. Credit Card: This is a typical credit card, charge card, etc.
  3. Cash: This is used to keep track of daily cash expenditures, or "cash in hand."
  4. Loan: This is used to keep track of a loan, such as a car loan.
  5. Other Asset: This is used to keep track of other kinds of asset accounts which are not listed above.
  6. Other Liability: This is used to keep track of other kinds of liability accounts which are not listed above.
  7. Investment: This is used to keep track of investment accounts such as stocks.

Currency

This is the account's currency. Usually this should be set to your local currency, however there are instances where you may have an account in a different currency (such as a foreign bank account).

Initial Balance/Initial Balance Owed/Loan Principal

This is the account's current balance, and what Moneyspire will start off with. For loan accounts, this is the loan principal, which is the amount of the loan minus any fees and interest.

Interest Rate/Interest & Extra Charges

For credit card accounts, this is the interest rate of the credit card. For loan accounts, this is the interest amount and additional charges.

Notes

These are any notes you want to enter about the account. For example, you may want to enter the bank's phone number, address, etc. This is optional.

Configure Direct Connect

Click this button to configure the Direct Connect service, which allows you securely connect directly to your bank and download transactions automatically. Learn more about this feature.

This account is closed

This is the account's closed status. You should check this box when the account is no longer active. Closed accounts are not displayed on the left side, and not included in your net worth.