Pocket Accounts

Pocket Accounts

Pocket Accounts are contained within Standard Accounts where they reserve funds. The available balance on the standard account will will reflect this reservation. There are three types of pocket accounts:

Allowance

These are created by an Allowance budget item. Allowances are for expense tracking and you would generally add expenses to this manually as they occur.

Goal

These are created by a Goal for tracking the funds saved towards the target.

Goal Collection

These are created by a Goal in the situation where goal funds are not immediately transferred when income is paid, but are collected before a regularly recurring transfer.