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I don't need to understand any of that for simple personal finance. A transaction with a negative amount with a to and from field is all that I need. If I see
by kungtotte 8y ago
I don't need to understand any of that for simple personal finance. A transaction with a negative amount with a to and from field is all that I need.
If I see 15 bucks each month going to "Spotify" I don't have to be a CPA to work out that I spend 15 bucks a month for Spotify...
- chris_wot 8y agoWhich is an expense, and it takes money out of your bank account and into the Spotify expense account. You have just understood it, intuitively.