Banking

The Banking section lets you track the balances in your business bank accounts, UPI accounts, and cash. When you link a payment to a bank account, Hisaabo automatically records the corresponding deposit or withdrawal.

Account types

Type	Use for
savings	Standard savings bank account
current	Current account (business banking)
cash	Physical cash — petty cash box, counter cash, etc.
upi	UPI-linked account (Google Pay, PhonePe, Paytm business accounts)
credit_card	Business credit card

Adding a bank account

Go to Cash & Bank in the sidebar and click + Add Account. A form opens where you enter the account details.

Tap More in the bottom tab bar, then tap Bank. Tap the floating + button to open a full-screen form for entering the account details.

Field	Required	Notes
Account Name	Yes	A label for this account, for example “SBI Current Account” or “GPay UPI”
Account Type	Yes	Savings, Current, Cash, UPI, or Credit Card
Bank Name	No	Name of the bank
Account Number	No	Full account number. Displayed on invoice PDFs for payment.
IFSC	No	IFSC code. Displayed on invoice PDFs for NEFT/RTGS transfers.
Opening Balance	No	Your account balance on the day you start using Hisaabo. Defaults to 0.
Set as Default	No	If enabled, this account is pre-selected when recording payments and expenses.

Default account

Set one account as your default. The default account is pre-selected whenever you record a payment or expense, saving time. Change the default in the account settings.

Banking layout

The Banking page opens with 3 summary cards at the top showing your total balance across all accounts, total deposits, and total withdrawals. Below, a split view shows the account list on the left and the selected account’s transactions on the right. Click an account in the left panel to view its transaction history in the right panel. Use the date range tabs at the top of the transaction panel to filter by period.

The Banking page opens with a summary card at the top showing your total balance across all accounts. Below, a vertical list of account cards shows each account’s name, type, and current balance. Tap an account card to open its full-screen transaction history with a date filter at the top.

How balances are tracked

The currentBalance field on each account is maintained automatically by the system:

• Payment received (customer pays you): currentBalance += payment amount
• Payment made (you pay a supplier): currentBalance -= payment amount
• Bank transfer in: currentBalance += transfer amount
• Bank transfer out: currentBalance -= transfer amount

Each adjustment creates a record in the bank_transactions table, giving you a full ledger of what moved through each account.

Note

Expenses are not directly linked to bank accounts. To track an expense paid from a specific account, record a manual withdrawal transaction for the same amount.

Viewing transactions

Click an account in the left panel to view its transaction history in the right panel. Each row shows:

Tap an account card to open a full-screen transaction history. Each row shows:

Column	Meaning
Date	Transaction date
Description	Auto-generated description (for example, “Payment from Raj Traders”)
Type	Deposit, Withdrawal, or Transfer
Amount	Transaction amount in INR
Reference	Links to the source payment, expense, or transfer

Bank transfers

Click the Transfer button to open a slide-over panel. Select the source account, destination account, enter the amount, and confirm. This creates:

Tap the Transfer icon in the header to open a full-screen form. Tap each account field to open an account picker modal where you select the source and destination accounts. Enter the amount and confirm. This creates:

• A withdrawal transaction in the source account
• A deposit transaction in the destination account

Both transactions reference each other for traceability. The transfer happens atomically, so both account balances are always consistent.

Reconciling your balance

The currentBalance in Hisaabo reflects transactions recorded through the app. If you have bank transactions that were not entered in Hisaabo (for example, bank charges auto-debited, or an interest credit), you can manually add adjustment transactions to keep the balance accurate.

Tip

At the end of each month, compare your Hisaabo account balance with your bank statement. The difference equals the total of transactions that happened outside Hisaabo (bank charges, auto-debits, etc.). Enter these as manual adjustments to reconcile.

UPI details on invoices

If you store a UPI ID on a bank account and set it as the default, the UPI ID is used to generate a QR code on invoice PDFs. This makes it easy for customers to pay by scanning the QR code with any UPI app.

Frequently asked questions

Can I track multiple bank accounts? Yes. Add as many accounts as you need. Each has its own transaction history and balance.

I entered the wrong opening balance. Can I correct it? Yes. Edit the bank account and update the opening balance. This also updates the current balance accordingly.

Can I record inter-bank transfers (moving money from one account to another)? Yes. Use the Transfer feature in the Banking section. Select the source account, the destination account, and the amount. Hisaabo creates a withdrawal in the source account and a deposit in the destination account in a single transaction, keeping both balances accurate.

Does Hisaabo connect to my bank to import transactions automatically? No. Hisaabo does not connect to bank APIs. All transactions must be entered manually (or via payment and expense records).

Payment Gateway Accounts

Track charges from Razorpay, PayU, PhonePe, and other payment gateways automatically. When a customer pays through a gateway, Hisaabo deducts the gateway charge as an expense and settles the net amount to your bank account.

See Payment Gateway Accounts for setup and configuration.