So you've just decided to use Dollarbird to master your finances - congrats for the choice! Let's get you started, shall we?
Step 1 - Check your pockets and bank accounts
Start by entering how much money you have right now - every penny. Just tap/click the blue (+) button, select balance update, and hit save.
Step 2 - Enter your salary and other recurring transactions
Add your salary and other repeating incomes and set them to be recurrent, so that you don’t have to enter them again. Do the same for your recurring expenses, like rent or mortgage, and you can already project your cash flow.
Step 3 - Follow through
Form your habit of adding your transactions as you make them and keep it, so that you always know where you stand and where you’ll be standing in the future, financially.
Adding transactions explained
Now you can start adding your expenses and incomes. Tap (+), enter a value and add a short label to it, e.g. "pizza", " electricity" or "uber". Our AI based auto-categorization will do its best to guess the category for you. If it doesn't seem right, override it by tapping/clicking on the category, and selecting a new one from the list that fits the transaction better. The AI is pretty smart and will learn from your choices in time.
Don't feel like the default categories fit your spending habits? You can add new ones, rename and delete a few if you'd like - learn how here.
Now, should it be a confirmed or unconfirmed transaction? Well, confirmed transactions are those that actually happened, or you're positive they're going to. They are calculated into your actual balance. Unconfirmed transactions are planned spendings and incomes that you'll need to manually confirm once they happen. They only have an effect on your projected balance, not the actual one. Learn more here.
Repeat? No problem. Setting up a recurring event is easy. On mobile, just tap on the circular arrow button on the adding screen, and select your desired repeat pattern - weekly, monthly, yearly, or custom. Access the same options on the web by clicking on the date right under the category name.
You can also add a note to the transaction if you want to go into details about a transaction.