Key Concepts
Before diving deeper, here are the key concepts you’ll encounter when using Plutus.
Organizations
Section titled “Organizations”An organization is your top-level workspace. All accounts, transactions, and budgets belong to an organization. You can invite other members to collaborate within the same organization.
Accounts
Section titled “Accounts”Accounts represent your financial accounts — checking, savings, credit cards, or any other account you want to track. Each account has a balance that updates as you record transactions.
Transactions
Section titled “Transactions”Transactions are the core of Plutus. Each transaction records money moving in or out of an account, with details like date, amount, payee, and category.
Categories
Section titled “Categories”Categories help you organize your transactions by type of spending or income. Examples include Groceries, Rent, Salary, and Entertainment. You can create custom categories to match your needs.
Budgets
Section titled “Budgets”Budgets let you set spending limits by category for each month. Plutus tracks your actual spending against your budget and alerts you when you’re approaching or exceeding your limits.
Recurring Transactions
Section titled “Recurring Transactions”Recurring transactions are scheduled entries that repeat on a regular basis — like rent, subscriptions, or salary. Plutus can automatically create these transactions for you.