A Transaction occurs between two Accounts. In any transaction (financial event), an amount is deducted (credited) from one place and added (debited) to another. In Bkper we simply refer to these places as Accounts, and as we saw before the transferral of an amount between accounts is a transaction.
Accounts can carry any role and are defined by their accounting nature. Assets, Liabilities, Incoming and Outgoing* are the four account types that can be assigned and that define their behavior within the system.
You gain Flexibility as the accounts in Bkper lack predefined roles or categories so you can choose the level of granularity that you want to track. Just track Expenses in one account, or create more detailed accounts such as Transport and Rent or be even more specific with a Car insurance, a Gasoline and Car maintenance account.
Accounts how to