Create your accounting spreadsheet
With Arixcel Accounts all your accounting is done in one spreadsheet. You create it using a special toolbar in Excel. You save it and then periodically update with new records.
Add your accounts
You can add as many accounts to the spreadsheet as you like (e.g. bank accounts, credit cards, cash at hand). For each account a separate worksheet (tab) is created, which is used to store its transactions and allocate them to descriptive categories.
Load transactions
Transactions can be recorded on the spreadsheet either manually, or by loading electronic bank statements saved in the Microsoft Money (OFX) or Quicken (QIF) format. Virtually all online banking websites allow downloading such statements.
Allocate transactions to categories
You define the categories yourself. Arixcel Accounts makes it easy for you to allocate each transaction to a category. It then aggregates the transactions on all the accounts into summary tables, giving you a clear picture of your income and expenses.
Do analysis and budgeting
You can view your cash flows by months or any longer time periods. Any aggregated amount can be analysed by its constituent transactions. For any time period you can make a budget and then monitor actual results against it. By making budgets for several months ahead you can forecast your future money balance.
Arixcel Accounts has other useful functionalities. For example, you can make accruals for unavoidable future expenses to see your "true" available money. Or you can split one transaction into multiple categories using a special Adjustments table.
User documentation
More details are available in the user documentation (PDF file, 466 KB).