HomeBank records your finances through several layers of data. At the top is your main file, or “wallet,” as HomeBank describes it. Beneath this is the account level, where you can store multiple accounts—current, savings, credit card, and even loans and mortgages. The final, bottom layer is transactions, which are attached to specific accounts.
Each transaction is assigned a specific type of payment, from credit or debit card, electronic payment, and direct debit or standing order to deposit, cash, financial fee (for example, a non-dollar payment charge when paying for goods in a foreign currency), and transfer between accounts. Choose “Internal transfer” if you wish to move money from one account in HomeBank (savings, for instance) to another (your current account, or perhaps your credit card, when paying the bill).…