How Balansly works

Balansly answers a forward-looking question: what will happen to my balance after upcoming income, bills, and planned purchases?

Expense trackers explain where money went. Balansly helps you understand the effect of a decision before you make it.

What the plan is made of

The app needs two types of data:

1. Actual balance — the current balances in your accounts and wallets.
2. Planned transactions — future income and expenses with amounts, currencies, and schedules.

Balansly applies future transactions to the current balance in chronological order and calculates how it may change over the next 12 months.

For example, suppose your accounts hold £1,500 today. You expect £1,000 of income and £800 of expenses next month. The calculated balance at the end of that month will be £1,700.

What you add

• accounts, wallets, and their current balances;
• recurring income and expenses;
• known one-off payments and purchases;
• changes to the plan when circumstances change.

What the app calculates

• the total balance for each currency you use;
• upcoming financial events;
• the expected balance at the end of the month and year;
• total income and expenses;
• transactions grouped by category;
• the difference between the actual balance and the plan.

Why every purchase is not required

Balansly is designed to maintain an up-to-date starting point for future planning, rather than reconstruct every detail of the past. You can leave out everyday purchases and periodically update your account balances instead.

Large, recurring, and known future expenses should still be added as planned transactions because they have the greatest effect on the future balance.

A forecast is a scenario

The forecast is accurate within the limits of the data you enter. It changes when actual spending differs, income changes, or a new payment appears. This is expected: the revised forecast helps you adjust the plan in time.

Next step: set up the app with the quick-start guide.