Manual Balance Calculation
The "Updated Balance" or Manual Balance Calculation template helps you calculate the real balance of a manual account by including manual transactions from an attached spreadsheet. This simple yet effective template is perfect for users who track their accounts manually and want to reconcile their account balance with recent transactions. The template uses a straightforward formula: Real Balance = Account Balance + Total Transactions to give you an updated view of your finances.
Purpose:
This template is designed to help users who manage manual accounts by incorporating recent transactions to provide a real-time account balance. It is ideal for those who don’t have automated syncing with their bank accounts but need an accurate snapshot of their current financial position. By updating manual balances and including all relevant transactions, this template offers a precise view of your account’s financial status.
How to Use This Template:
Import this template to your own Fina account.
(Optional) Select Specific Accounts or a Different Time Frame to Track:
Hover over the block and click the menu icon in the top-right corner. Select "Edit."
In the right-side drawer panel, go to the Account Selection section and choose the manual account you want to monitor.
Use the Date Range Picker in the same panel to select the desired time range for the included transactions.
Filter Transactions (Optional):
If you need to include transactions with specific filters, set the filters to the transaction variable to fine-tune your manual tracking.
Tips:
Regularly update the Manual Account Balance and Total Transaction Value to ensure the real account balance reflects your most recent activity.
This template is perfect for manual bookkeeping or tracking accounts that aren’t automatically linked to your budgeting platform, allowing you to maintain control of your finances.
By using this "Updated Balance" template, you can accurately reconcile your account balances even when tracking accounts manually, ensuring that you stay on top of your financial health.