Getting the initial database set up, while not particularly difficult, can be time consuming, as is the process of creating all of the categories you need to keep things organised. To get the most out of Money Manager Ex, it's important to stick with it. When we set accounts with different currencies, the transactions we create in these accounts will reflect the currency of the account.As it stands, Money Manager Ex is a wonderful halfway house between managing your money in a simple spreadsheet and going all-out with a fully-fledged finance app.

Each account has its currency setting and will default to the base currency. MMEX allows us to work with more than one currency. If the user’s currency setting is not listed in the default currencies, the user can create their currency listing. When creating a new database, the base currency is set to the currency used in the user’s country. This type of account allows you to track stock/bonds/mutual funds investments and possibly other investments you may own.Īs it can be used in many countries, MMEX needs to consider the currency for the country of use. “Investment” Account: The other type of account that MMEX supports is an “Investment” Account. These accounts also support three kinds of transactions. These accounts have their balance section on the Home Page. These kinds of accounts cover specialized accounts such as Cash Term Accounts, Bank Mortgage accounts, Loan accounts, or investment accounts with regular income or expenditure that you need to keep track of. For a better explanation see the account setup example. “Term” Accounts: similar to Checking Accounts with the exception that they appear in their section on the home page and can be shown or hidden for normal daily usage. These are withdrawal, deposit, and transfers. Also known as Bank Account, and supports three kinds of transactions. “Checking” Account: This is the most common type of account used for MMEX, and can handle most common account types, such as checking accounts, savings accounts, and credit card accounts. It currently supports three types of accounts: Money Manager EX allows you to simply create a new bank account with a simple wizard.

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