The six movement types, and when to use each

Income, Expense, Investment, Transfer, Receivable and Payable — a complete vocabulary for everything money does.

Most budgeting apps only know two words: money in and money out. Real life is richer than that. Wanance uses six movement types so that every transaction lands in the right place and your reports actually mean something.

The everyday four

• Income — money that arrives: salary, a payment, a refund. It adds to the wallet.
• Expense — money that leaves: groceries, rent, a coffee. It subtracts.
• Transfer — money moving between two of your own wallets. Nothing is earned or spent; one balance goes down and the other goes up.
• Investment — money you put into an asset. It leaves the wallet as cash but isn't a loss; it becomes part of your portfolio.

The two that most apps ignore

Money you are owed and money you owe are not the same as income and expense, and treating them that way quietly distorts your numbers.

• Accounts Receivable — someone owes you. You track it without pretending you already have the cash.
• Accounts Payable — you owe someone. It's a real obligation, kept separate from your spending.

Because each type behaves differently, your monthly analytics can separate what you truly spent from what merely moved between accounts, and your net worth reflects what you own and owe — not just your last paycheck.

A transfer between your own accounts is not spending. An app that counts it as an expense is lying to you.

Pick the type that matches what actually happened and the rest of the app — balances, budgets, reports — takes care of itself.