Manual (Cash) Accounts
Rather than relying on external sources, Manual accounts keep a running total of your transactions from your very first entry.
Take the following transaction list:
| Date | Description | Amount ($) | Running Total ($) |
|---|---|---|---|
| 2023-01-01 | Initial Deposit | 1000.00 | 1000.00 |
| 2023-01-15 | Grocery Shopping | -75.50 | 924.50 |
| 2023-01-20 | Salary Deposit | 2000.00 | 2924.50 |
| 2023-02-05 | Rent Payment | -800.00 | 2124.50 |
Your account balance will be $2124.50 - the running total of all your transactions.
Starting Balance
Sometimes you do not have the full transaction history of your accounts and would need a starting balance to offset your missing transactions.
The best way to do this in Skwad is to create a miscellaneous balance offset transaction as the starting point of your account balances. Remember to assign it to an excluded category to exclude it from your trends and budget views.
How Skwad Handles Manual Accounts
Manual account balances could be delayed by 24 hours depending on the age of your account or which transactions you edit. Don't worry if the balance lags a bit, it'll eventually reflect your exact balance.
The maximum lag for manual account charts is 24 hours. If your balances aren't synced with your transactions in 24 hours, please reach out to us for help.
Activating Manual Accounts
Step 1: Go to the account you'd like to convert (or create a new one)
Step 2: Go to the account menu and click Edit
Step 3: Toggle the Manual mode setting
Deactivating Manual Accounts
Simply follow the steps above to deativate an account's manual setting.
Feel free to switch back and forth as you see fit, Skwad is very flexible and you won't lose any data in the process.
Frequently Asked Questions
What is the difference between manual and tracking accounts?
Manual accounts reflect the sum of all your transactions, while tracking accounts automatically import balances from your financial institution.
Do I have to enter transactions manually?
No. Manual accounts simply change the way Skwad does the math. You can continue importing transactions automatically via email scans or bank linking.
Will I lose my transaction history if I switch from manual to tracking mode?
No, your transaction history will be preserved when switching between manual and tracking modes.
Can I have both manual and connected accounts in my Skwad profile?
Yes, you can use a mix of manual and connected accounts in your profile to track all your finances.
How do I add a starting balance to my manual account?
Create a transaction for the initial amount and assign it to an excluded category. Remember to add the transaction to the manual account.
Why is my manual account balance not matching my transaction total?
Manual account balances may take up to 24 hours to fully sync with your transactions. If the discrepancy persists beyond 24 hours, please contact support.
Can I export my manual account data?
Yes, you can export all your transaction data from manual accounts in CSV format for your records or analysis.