Balance Accounts
Organize your money across different accounts — bank, cash, cards, and more.
Balance accounts represent where your money physically lives. Think of them as containers: "Bank Account", "Cash", "Revolut", "Savings".
Why use accounts?
If all your money is in one place, you don't need accounts — Simplony uses a default one automatically. But if you juggle multiple sources (a bank card, a cash wallet, a digital wallet), accounts let you:
- See balances per account — know exactly how much is in each place.
- Track transfers — when you move money between accounts, the transfer records where it came from and where it went.
- Be precise — "Paid with Revolut" is more useful than just "paid".
Setting up accounts
You create accounts during onboarding, or anytime from the Accounts page. Each account has a name and one can be marked as the default (used when you don't specify).
Using accounts with transactions
When you add a transaction and have multiple accounts, you pick which account it belongs to. The AI assistant also understands account names: "Coffee 4.50 from cash" routes to your Cash account.
Transfers between accounts
A transfer is a special transaction that moves money from one account to another. It doesn't count as spending or income — your total money stays the same, it just changes location.
Shared group accounts
If you use Groups for expense splitting, shared accounts (like "Group Revolut" or "Petty Cash") also appear on the Accounts page with their current balance. These link back to the group they belong to — tap one to manage it.