features

Many users had asked for the ability to change the currency symbol from ‘$’ to something else. We released an update last night to both the website and the IOS app that includes the ability to change the symbol, the thousand and decimal separators, the decimal places, and the location of the currency symbol.

If you don’t see your currency symbol in your Preferences, please contact us and we’ll add it to the list.

This latest update also includes the following changes:

• You can now select the account that you want a transaction to be on regardless of which account you are currently viewing. This makes it easier to correct mistakes if you accidentally add a transaction to the wrong account.
• We’ve relaxed some rules, such as not being able to create recurring transactions with a start date in the past.
• When creating a new transaction on the app, the default date will now be today only if you are viewing the current week. Otherwise, the default date will be the first day of the week you are looking at.
• We fixed an issue on the app that caused items to be automatically deleted when doing a full left swipe.

As always, feel free to contact us with any questions or issues.

Credit card accounts are now supported! This means you can now track ALL of your spending. Before, if you used your credit card for certain things, the credit card itself was just a category and those expenses were lumped together into that category. Not anymore!

The big difference between bank accounts and credit card accounts is of course, that when you add an expense transaction to a credit card account, the balance goes up, not down.

There is now a new category called “Credit Card Payment” that is basically a transfer from a bank account to a credit card account. A credit card payment transaction will obviously bring the balance down of the From bank account, and it will also bring down the balance of the credit card account.

We don’t however, calculate your credit card interest fees, so in order to sync your Kualto credit card balance with your real balance, you’ll have to enter those interest fees yourself as a transaction.

The following changes are also included in this latest update.

• There is a new report called the Transfer Report. It gives information about all of the transfers that have occurred between accounts, within the specified time period.
• The Category Report now supports an “All Accounts” option, which means it can show your category spending across all of your accounts. By default, the “All Accounts” option is selected. You can of course, also choose to view the Category Report for a specific account just like before. You can change the default “All Accounts” behavior in your preferences.
• We’ve also added a “Default Report Period” option to your preferences, so you can pick the time period that reports should show by default. If you always like to view the next 12 months instead of the next 6 months, you can set this in your preferences so that you don’t have to change this selection every time you view your reports.

We’ve just added support for multiple accounts! This means you can now track and forecast the cash flow of your checking account, savings account, business account, etc. There is no limit to the number of accounts you can track.

When you create a new transaction, you will notice there is a new category type named “Account Transfer.”

When you select this category type you will be asked for the From and To accounts. The transaction will automatically appear on both accounts (as an expense on the From account, and as an income on the To account).

Deleting the transaction from either account (From or To) will delete the transaction from the other.

What’s next?

We really want to add support for credit card accounts. Credit card accounts are different than regular accounts in the sense that an “expense” on a credit account should increase the account’s balance, rather than decrease it. I really need support for credit cards myself, as I tend to use my credit card a lot to pay bills.

Right now, when I look at my Category Report, I can’t see how much I’ve spent on restaurants because I tend to use my credit card for those types of expenses.

Stay tuned!