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What does updating the balance imply?
What does updating the balance imply?
Vlad Stanescu avatar
Written by Vlad Stanescu
Updated over a week ago

With the help of the balance update function (or "regularization"), you can set the real balance for your accounts, so it reflects their current status. Even with the best financial management, expenses or transfers can be missed, and with time the balances would be incorrect.

The balance update function requires you to enter the exact balance for one or more of your accounts, and CashControl will display and remember the resulting difference. This difference will be shown in the reports under "unknown expenses".

When you add an expense to a date prior to the balance update, the account balance will remain unchanged and the respective amount will be deducted from the "unknown expenses" in the reports, therefore justifying the expense.

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