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An account in Finluency represents one real financial account, such as a checking account, a credit card, or a loan. Every transaction belongs to an account, and each account’s transactions make up its balance and its projected balance. To add accounts, see Connect your financial accounts.

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Cash and credit accounts

Every account is either a cash account or a credit account. You choose a Type of Account, and the type decides the category. The category decides which settings an account has:
  • Cash accounts can have a minimum balance alert.
  • Credit accounts need a total credit line. Finluency shows the account’s Available Credit, which is the credit line minus what you owe.
Once an account has transactions, you can’t switch it between cash and credit.

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Personal and business accounts

Each account also has an Account Type of Personal or Business. The side menu groups your accounts under Financial Accounts by this type. You can change it at any time.

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Connected and manual accounts

You can add an account in two ways:
  • Connected through Plaid. You connect a bank, then choose which Finluency account each bank account imports into. A bank account can import into one Finluency account, and you can choose not to import some accounts. Imported activity waits under Imported Transactions for you to review.
  • Added manually. You enter the account’s details and add its transactions yourself.
Both kinds of account work the same way in your forecast.

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Starting balance

Every account has a Starting Balance and a Starting balance as of date. Finluency uses this balance as the account’s baseline on that date and adds its transactions from there. You can’t change either one after the account has transactions.

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Minimum balance alerts

A cash account can have a Minimum Balance Alert Threshold. When the account is below it, or is projected to drop below it in the next 30 days, Finluency lists a warning under Needs Attention on Financial Overview. If you leave the threshold blank, Finluency warns you when the account drops below $0.

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Active and inactive accounts

Accounts are active when you add them. When you stop using one, you can deactivate it. An inactive account keeps its transaction history and balances, but you can’t use it for new transactions or planning, and you can’t import into it. You can reactivate it at any time from the Financial Accounts Dashboard.

Connect your financial accounts

Connect a bank or add an account manually.

Forward balance

See how your accounts’ transactions add up to a projected balance.