Tracking Your Cash Spending with Inzolo
Angel writes:
I downloaded ATM cash transactions. How do I transfer this cash transaction from the Checking account to my Generic bank account that I have set up as a cash spending account?
And how do I input into envelopes when I spend cash out of this Generic bank account?
You can track your cash just as any other account, but you will have to do it all manually. First, if you haven’t done so, add a new account. Here is the settings I used to create a cash account:
Now, let’s say you withdrew $100 from your checking account. You would likely see a withdrawal from your checking account if you are downloading transactions via OFX direct connect, or if you are importing transactions from a file. To add that $100 to your cash account, simply click the Add Transaction button:
You would now add a deposit to your Cash account of $100.
Now, you can budget your cash into envelopes as you do you other accounts. Whenever you spend cash, you can simply add addition transactions just as above but your transactions will be withdrawals rather than deposits.


