Core Concepts

Tally’s forecast is built from a small set of building blocks:

• Accounts, bills, and transactions — what you track, and the difference between a recurring bill and a one-off transaction.
• Forecasting — how pay periods and a starting balance turn into a balance projection.
• Categories — how bills and transactions get labeled by category, and what the Categories report shows.
• Reserves — an amount held out of your projected balance for planned spending, carrying over or repeating each pay period.

For quick, one-line definitions of specific terms, see the Glossary.