Balances Explained
The account page throws many numbers at you, but they're all straightforward once you know what they mean.
Account Balance
The larger number is your account's available balance. This is exactly what Skwad receives from your bank, either via email alerts or bank sync.
The smaller number (red) is your balance change for the selected period.
Ledger Balance
Your ledger balance is the sum of all your transactions for the selected period. This number should be very close to the balance change number above.
If they're not exact, it could mean you're missing transactions, or your available balance is delayed. Consider reconciling if it's the former.
Balance Forecast
Your forecast balance is the sum of:
- Account balance
- Scheduled balance: sum of all future-dated transactions
- Recurring balance: sum of all recurring transactions (next 12 months)