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<a href="/en">Online home accounting</a> is a multifunctional service. Of course, its main task is to compare the income and expense sides of your family budget and calculate the balance. As a result you get a report, which is in fact your family budget. This is necessary for further actions, because it is not enough to know that you have enough money to live on. <a href="/en">Home accounting</a> cannot do without analysis. It gives you the opportunity to review reports from any area of your personal budget and identify its strengths and weaknesses. After the analysis you can determine which items of your family budget are the most costly and whether it is possible to reduce the expense side or increase the income side of the budget. If after totalling you have a positive balance, the resulting amount can become the basis for savings. Accounting for savings is another indispensable function of <a href="/en">online home accounting</a>. There are several types of saving systems in family bookkeeping. In this program they are divided into the following items: <ul><li>goals – you decide what you need to save money for, set the amount and the period in which you plan to do it, and define the source of funds. When you enter data and calculate the balance, the system calculates by itself how much you have managed to set aside for this goal, and shows the level of its achievement in the report; </li><li>a stash, as a rule, is setting aside cash to create a kind of reserve capital for the family; </li><li>a deposit is saving and increasing funds with the participation of the banking system.</li></ul> The options listed above are familiar to everyone, regardless of whether they keep home accounting or not. But it is worth noting that keeping records allows you to control the movement of funds in this area of the family budget. No less important is debt accounting, which helps you not to forget whom and how much you must repay and, conversely, who owes you and how much. It often happens that even such important information is lost from your own memory, especially if loans are made regularly. The memory of the server will let you keep your good name and not forget to pay your debts on time. The developers of this service have made it possible to keep accounts in different currencies. You can also determine their value at the current exchange rate. This function is especially important if some items of your family budget are kept in foreign currency. This function is most often used when there are deposits in foreign currency.
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