Track an installment purchase, month by month.
Enter the total price once and choose how many monthly installments. Folko records the first one today and each later one on its due date, on the same Paid with method. It is free on every plan.
How do I log a purchase I pay in installments?
Start an expense and type the total
Enter the full price of the purchase, not the monthly amount.
Tap Installments and choose how many
Pick 2, 3, 6, 9, 12, 18, 24 or 36, or tap Custom and type your own number.
Check the breakdown and save
A line under the amount shows the plan, for example 6× USD 80.00 = USD 480.00. Tap Save.
What happens after I save?
Folko logs Installment 1/N today. It also creates a monthly recurring rule for the rest, using the same Paid with method. Each later installment is logged on its due date, so your Transactions show the cost month by month.
When the total does not divide evenly, the first installment carries the extra cents. The installments always add up to the total exactly.
Choose 1 to mark a single deferred purchase. Under the Installments chip, Make recurring opens the recurring form with your entry already filled in, so you can set it up as a repeating transaction instead.
Does a plan use a recurring slot?
Yes. An installment plan counts as one recurring transaction: 3 on Free, unlimited on Plus and Max. If you already have 3 active recurring rules on Free, you cannot save a new plan until one ends or you move to Plus.
A plan whose last installment has been logged stops counting toward the limit.
Saving a plan needs a connection. Offline, Folko shows a message that a purchase in installments needs a connection to save.
Can I split an installment purchase?
In a shared cashbook with Split on, every installment is split the same way as the first. The recurring rule belongs to the person who created it, so only they get the later installments generated.
A plan cannot include someone who is not on Folko yet. Remove them from the split first.
Installments, answered.
Do installments cost anything?
No. Installments are free on every plan. A plan does use one of your recurring transaction slots, which are limited to 3 on Free and unlimited on Plus and Max.
Can I choose any number of installments?
You can pick 1, 2, 3, 6, 9, 12, 18, 24 or 36, or tap Custom and type your own number. Choosing 1 marks a single deferred purchase.
What if the total does not divide evenly?
The first installment carries the extra cents, so the installments add up to the total exactly.
Can I save an installment plan offline?
No. Saving a purchase in installments needs a connection. Folko shows a message if you are offline.
Can I split an installment purchase with other members?
Yes, in a shared cashbook with Split on, and every installment is split the same way. Everyone in the split needs to be on Folko already.
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