Help centerLog your money
Installments
For a purchase paid in monthly installments, log the total once. Folko logs the first installment now and each of the others in its month.
How to do it
- Start an expense and type the total price.
- Tap Installments and choose how many: 2, 3, 6, 9, 12, 18, 24 or 36, or Custom.
- Check the breakdown under the amount, then tap Save.
Folko logs “Installment 1/N” today, plus a monthly recurring rule for the rest on the same Paid with method. Each later installment is logged on its due date.
Power-user tips
- Choose 1 to mark a single deferred purchase.
- When the total does not divide evenly, the first installment carries the extra cents, so the installments add up to the total exactly.
- Make recurring, under the chip, turns the entry into an open-ended recurring transaction instead.
- In a shared cashbook with Split on, every installment is split the same way.
- Saving an installment plan needs a connection.
An installment plan counts as a recurring transaction: 3 on Free, unlimited on Plus and Max.
Still stuck? Email support@folko.io or see Support. A person from the Folko team will answer.