📅 2025-03-14 — Session: Developed Comprehensive Personal Finance Tracking System
🕒 19:10–19:50
🏷️ Labels: Finance, Accounting, Personal Finance, Budgeting, Tracking
📂 Project: Accounting
⭐ Priority: MEDIUM
Session Goal
The session aimed to develop a comprehensive personal finance tracking system to manage income, expenses, debts, and net wealth effectively.
Key Activities
- Holistic Financial View: Designed a structured accounting system with detailed tables for tracking income, account movements, liabilities, expenses, and wealth overview.
- Internal Transfers Tracking: Proposed a refined system for tracking internal money transfers, differentiating between actual income and account movements, and suggested data visualization techniques.
- Liabilities Tracking: Developed a method to track liabilities by distinguishing between debt stock and debt flow, including monitoring total outstanding debt and net changes.
- Smart Net Calculation: Outlined a workflow to calculate net balance changes for accounts, ensuring accurate representation of internal transactions.
- Cash and Mercado Pago Transactions: Provided guidelines for recording cash and Mercado Pago transfers accurately to avoid double-counting.
- Consistent Financial Tracking Rules: Established essential rules for accurate financial tracking across multiple accounts.
Achievements
- Developed a detailed framework for a personal finance tracking system.
- Clarified methods for tracking various financial elements, including income, expenses, liabilities, and internal transfers.
Pending Tasks
- Implement the proposed systems and frameworks in a practical setting.
- Test the visualization techniques for internal transfers.
- Validate the accuracy of the smart net calculation workflow with real data.