Setting a Starting Balance

Starting balance video thumbnail

Click on the image to watch a video tutorial.

You likely have a lot of history in your bank account already. There's no need to enter all those transactions just to get started with NeoBudget.

Choose a date in the past, for example: like the last day of last month. On your bank's website find the closing balance on that date.

Now in NeoBudget click on "New Entry" then "Income" to create a fake transaction that will be your starting balance and will represent all your prior account history.

Starting balance 1

Click on the image to zoom in.

Set a meaningful description, set the date to the date you chose, and set the amount to your closing balance on that date. Then allocate that money across all your envelopes. Just take your best guess at what the balance of those envelopes should be at that point in the month. You can adjust this later so don't spend too much time worrying about it.

Starting balance 2

Click on the image to zoom in.

Click "Save" and you're ready to go! Now you can start importing transactions that occurred after this date.

But first, lets set up your income sources and define a budget.

↑ Top Next: Budget Income & Expenses →


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