Creating a Data File from Scratch

When you create a data file from scratch, there are two decisions to make: 


scratch.tiff


1. Choose you primary currency: This is the default currency that will be assigned to all new accounts, though you can change the default currency of each account. If the currency for your country is not found in the list, click the Edit button to add it.

2. File Type: This option specifies the default set of accounts and categories that will be created. Categories are used to track your spending by type of expenditure, and can be added and edited after your file is created. The Standard Account Set includes a complete set of typical categories, while the Minimal Account Set includes only a few categories. The Minimal Account Set is primarily intended for those who will be importing existing data from another financial application, or those who would like to set up their own account structure.