Automatic adjustment of the cash balance

Not all bank account balances are created equal. And some can be misleading. Now Tailwind financial planning app allows you to avoid any confusion!

Some banks show you the “booked balance” while other show “available balance” of your account. Available balance is usually what you want to see. But it can be tricky if you are using, say a € 10 000 line of credit.

In this case available balance of € 15 000 can mean either:

1) that your actual balance is € 5 000 and you also have a € 10 000 line of credit available; or

2) that your actual balance is € 15 000 and the € 10 000 line of credit is also available in top of that.

Sadly it can differ from one bank to another. Especially for the balances that your bank includes in the data that it allows you to import into third party systems like Tailwind.

Therefore we have introduced an option to apply an automatic adjustment. Just click on the pencil icon next to Current balance displayed in the Cashflow section and you will be able to add an adjustment:

From then on, your current balance will be calculated as “whatever your bank has sent + the adjustment”.

In the Dashboard section you will be able to see what adjustment have you chosen to have:

And you can edit / modify it at any time – simply click on the pencil icon next to Current balance again.

Financial planning can and should be simple!