There is a specific moment when Veridian becomes useful: when you can open the app and see one number that represents your actual financial position. Not just your main bank account. All of it — cash in your wallet, money owed on a credit card, savings set aside in a separate account, balances in digital wallets.
That number only means anything if every account is in the app with the right opening balance. Getting there takes 10–15 minutes. Here is how to do it correctly, account type by account type.
Where to Add an Account
From the Dashboard, tap Add Account in the quick action row — it sits alongside the Expense, Income, and Transfer shortcuts. You can also open the Accounts tab and tap the + icon at the top right. Either path lands you in the same place: a screen that asks you to choose an account type first. That choice determines which fields appear next, so pick carefully.
Veridian has five account types: Cash, Bank, Credit Card, Savings, and Wallet. Every account also requires a name, a currency (AZN, USD, or EUR), and an opening balance. The currency field is the one to get right before you tap confirm — it cannot be changed after account creation.
Cash Accounts
Cash is the simplest account type. It has two fields beyond the basics: a name and an opening balance. No bank details, no account numbers.
Use one cash account for each physical place you keep money: your everyday wallet, a cash reserve at home, petty cash for a side business. Most people need just one.
For the opening balance, count what you actually have. If you are not sure, estimate — a rough number is better than zero, which would immediately throw off your balance. You can correct it later from the Account detail screen.
Bank Accounts
Bank accounts require a few more fields: a name (make it descriptive — "Kapital Checking" or "ABB Salary" is more useful than "Bank 1"), a bank name, an account number (shown masked in the app's detail view, displaying only the last 4 digits), a currency, and an opening balance.
For the opening balance, use your last bank statement's closing balance. If you prefer to be precise about today's position, open your banking app right now and enter the current available balance. Either approach works — the key is that the number reflects reality, not a round number you guessed.
One practical note: if you have accounts at different banks, or accounts at the same bank serving different purposes, create a separate Bank account in Veridian for each. The Account Summary report shows per-account income, expenses, and net flow — that breakdown is only useful if each real-world account is its own record in the app.
Credit Cards — The Most Important Opening Balance to Get Right
Credit cards have more fields than any other account type: a bank name, the last 4 digits of the card number, a credit limit (your approved spending ceiling — this is context, not a budget target), a payment due day (the day of the month your minimum payment is due), a currency, and an opening balance.
The opening balance is where most people go wrong. If you currently owe money on this card, that balance must be entered as a negative number. If you owe 850 AZN, enter -850. If you owe 1,200 USD, enter -1200.
This is counterintuitive because we tend to think of an account balance as a positive number. But a credit card balance is a liability — it reduces your net worth, not adds to it. Entering 0 or a positive number tells Veridian you owe nothing on this card, which means your net worth is overstated by exactly the amount you actually owe. That error compounds forward through every report and aggregate calculation until you correct it.
The credit limit field is separate from the opening balance. It records your approved ceiling as informational context visible in the account detail view — not used to block transactions or send alerts. If you have multiple credit cards, add each as its own account.
Savings Accounts
Savings accounts use the same fields as Bank — name, bank name, account number, currency, opening balance — with one addition: an optional savings target amount.
The target amount is the figure you are working toward in this account: a house deposit, an emergency fund, three months of expenses set aside, a holiday fund. Entering it records your goal alongside the account. It appears in the account detail view so you can see your current balance and your target in the same place — useful for a quick sense of where you stand.
In V1, this is informational only. Veridian does not send alerts when you reach the target or show an automated progress bar tracking you toward it. That is coming in a future release. For now, the target amount is a number you set as a reference point, visible when you tap into the account.
For the opening balance, enter the amount actually in the account today — not the target amount.
Digital Wallets
Wallet accounts have the lightest setup: a provider name (PayPal, Wise, Revolut, Payoneer, or any provider you use), a currency, and an opening balance. No account numbers, no bank names.
One important constraint: Veridian assigns one currency per account. If you use a single wallet service that holds multiple currencies — for example, a Wise account with balances in both USD and EUR — create two separate Wallet accounts in Veridian, one per currency. Name them to make the distinction clear: "Wise USD" and "Wise EUR" rather than just "Wise."
For the opening balance, check the wallet app or website right now and enter the current balance in that currency. Wallet balances shift frequently if you use them regularly, so entering a number from memory is risky. Open the app, read the balance, enter it. The whole thing takes 30 seconds.
If you manage balances across multiple currencies, the multi-currency tracking guide explains how Veridian handles conversion and what your home currency setting means for aggregate totals.
Getting Opening Balances Right — the Most Important Step
The opening balance is the foundation that everything else builds on. Every transaction you log from this point forward updates the account balance from this starting point. If the starting point is wrong, every future total is wrong by exactly that delta — and it stays wrong until you go back and correct it.
Here is the right source for each account type:
- Cash: count the physical money in that location right now. If you genuinely cannot, estimate conservatively — the error will surface quickly when your cash balance in the app diverges from what you hold.
- Bank: your banking app's current available balance, or the closing balance on your last statement if you prefer a clean starting date.
- Credit card: your current outstanding balance as a negative number. If the statement has not closed yet, use the current balance shown in your card app — the amount you would have to pay today to clear it.
- Savings: the current balance in that savings account as a positive number. Enter the target amount separately in the target field.
- Wallet: the balance shown in the wallet service right now, in the specific currency of that account.
Set aside 10 minutes, have your banking apps open, and work through each account in sequence. This is the only tedious part of the setup — you only do it once.
The Accounts Tab After Setup
Once your accounts are created, the Accounts tab shows them grouped by type — Cash, Bank, Credit Card, Savings, Wallet — with a subtotal per group. At the top, the Net Worth card shows the sum of all accounts converted to your home currency.
Tap any account to open its detail view: a 30-day balance trend chart, the five most recent transactions for that account, and an edit button for the account's metadata. From there you can update the name, bank name, account number, credit limit, and payment due day — everything except the currency, which is locked after creation. If you entered the opening balance incorrectly, correct it from the edit modal now. A wrong opening balance compounds forward through every calculation until you fix it.
The Account Summary report in the Reports tab uses these accounts as its basis — each account's income, expenses, and net flow for any period you select.
What Comes Next
Once your accounts are set up, Veridian does the arithmetic for you. Every transaction you log updates the relevant account balance automatically. The net worth card updates in real time. The 30-day trend chart begins building from your first transaction.
Start logging transactions and check the Accounts tab after a week — the balance trend chart will already be showing you something. Veridian launches on iOS and Android soon. Join the waitlist.