We are super excited to announce the release of Account Grouping in MoneyCoach v9.7. This is a feature that has been requested by many users and we are happy to deliver it to you. We built it in a way that is easy to use and understand and can scale and adapt to your needs. We hope you like it as much as we do.
What does Account Grouping do?
You can now group your accounts anyway you want. For example, you can group all your credit cards in one place or all your bank accounts in one place or all your cash accounts in one place. This is even better when you use family sync as you can create and group accounts specific to each family member.
⚠️ Important for Family Sync Users ☁️👨👩👧👦
Please update all your devices to the latest version of MoneyCoach to ensure that sync works correctly. Every user that is part of the Family Sync must update their devices to the latest version 9.7 or later.
Why?
In order for us to build this feature, we had to make some changes to the database structure. This means that older versions of MoneyCoach will not be able to sync with the new version.
Real Life Examples
Credit Card Group [Must Have]
You can use Account Grouping to effortlessly manage all your credit cards in one place! This new feature lets you view your total account balance at a glance, helping you stay on top of payments and pay off debt on time. If you use multiple credit cards, this is a must-have feature for you.
Group Accounts by Type
You can group all your bank accounts in one place, all your credit cards in another, all your cash accounts in another, and so on. All your goals and all your savings accounts in one place.
Group Accounts by Bank
You can group accounts by bank. For example, you can group all your accounts that are in Bank of America in one place, all your accounts that are in Chase in another, and so on.
Group Accounts by Family Member
If you use Family Sync, you can create and group accounts specific to each family member. This way you can have a better overview of the finances of each family member.
Group Accounts by Purpose
You can group accounts by purpose. For example, you can group all your accounts that are used for your business in one place, all your accounts that are used for your personal life in another, and so on.
Group Accounts by Currency
You can group accounts by currency. For example, you can group all your accounts that are in USD in one place, all your accounts that are in EUR in another, and so on.
Group Accounts by Location
You can group accounts by location. For example, you can group all your accounts that are in the US in one place, all your accounts that are in the UK in another, and so on.
Why group accounts?
- Each group has its own total for more control.
- You can sort groups and accounts in an easy and intuitive way.
- You can see some quick statistics about your assets and debts.
What can you do with Account Grouping?
Groups can also be expanded or collapsed in the all-new Accounts list and show a total of all the included accounts. Additionally, when you create a new account, you can also select the account group. This is a fantastic new feature that grants you way more control over your accounts.
How to get started?
Find a full guide on how to use Account Grouping on our Guides section.
