Here's a simple step-by-step guide to get you started:
Step 1: Create Your First Account
1. Go to the Accounting section from your Gracely sidebar
2.Click Add Your First Account
Fill in the required details:
Account Name: Name your account clearly (e.g., Savings, General Fund)
Account Type: Select either Asset (accounts you own, like bank accounts or properties) or Liability (accounts reflecting money owed, like loans or credit cards)
Date: Enter the starting date for your account
Starting Balance: Enter the initial amount of the account
Optional: Check Connect with fund if linking to an existing fund
Click Create
Step 2: Manage Payees
Under the Payees tab, you'll find pre-defined categories like Utility, Vendors, or Mortgage
Click Add payee if you need to add a new payee type
Step 3: Set Up Categories
Navigate to the Categories tab
Click Add category to create new categories such as "General Expenses" or "Clergy Wages" for easy tracking.
Step 4: Record Transactions
Click on the account you created to open it
Select Add transaction
Fill in transaction details:
Transaction Type: Select Income or Expense
Date: Specify the transaction date
Category: Choose the appropriate category (e.g., General Expenses)
Payee: Select the payee related to this transaction (e.g., Subscriptions)
Amount: Enter the transaction amount
Click Create to record the transaction
Your transactions are now clearly listed, showing date, payee, category, status (income or expense), and amount. This ensures straightforward bookkeeping and clear financial visibility.
Enjoy seamless accounting and smarter financial growth with Gracely!