Glossary

This page defines key terms and concepts used within Budget Vision to help you understand the app's philosophy.

Daily Balance

The projected amount of money you will have across all your accounts (or a filtered selection) at the end of any given day. This is the core metric of Budget Vision, allowing you to see your financial future at a glance.

Balance Correction

A special type of transaction that anchors your budget plan to reality. It sets an account's balance to a specific, real-world value on a chosen date. You should create a balance correction whenever you reconcile your app with your actual bank statements. Transactions added before a correction will automatically update the correction's value to keep your future projections accurate.

Lowest Balance

An analytical insight that automatically finds and displays the lowest point your total balance is projected to reach within a given timeframe (e.g., "in 14 days"). This feature is crucial for identifying potential cash flow shortages before they happen.

Inbox

A holding area for expenses, income, or ideas that you haven't scheduled yet. Any transaction created without a date is automatically sent to the Inbox. It serves as your financial to-do list or wishlist, allowing you to plan for items when the time is right by simply dragging them onto the calendar.

Recurring Transaction

An income or expense that repeats on a regular schedule (e.g., daily, weekly, monthly). Setting up your salary, rent, and subscriptions as recurring transactions is the foundation of your financial forecast in Budget Vision.

Transfer

Moving money from one of your accounts to another. In Budget Vision, a transfer is created as a linked pair of transactions: an expense from the source account and an income to the destination account. This ensures your total net worth remains unchanged.