Managing Accounts

Accounts in Mera Paisaa represent your actual holdings.

Account Types

• 🏦 Bank: Used for checking/savings bank accounts.
• 📱 UPI: Linked to digital payment wallets (GPay, PhonePe).
• 💵 Cash: Cash on hand.
• 👛 Wallet: Physical wallets or prepaid card apps.

Managing Balances

• Balance Adjustments: Accounts are updated automatically when you log transactions. Adding an expense reduces the balance; adding income increases the balance.
• Initial Balances: Set an opening balance when creating a new account to align with your bank statement.
• Net Worth consolidation: Consolidates all linked account balances to calculate your net worth.