App Features

Queen's Brain App Features

For the first time when you enter in to this app it is very important to fill FTE - FIRST TIME ENTRY

As soon as you download the Queen’s Brain App you click FTE (First Time Entry) and enter the total amount you have in your hand and bank except the investments or the total amount you are planning to spend to run your family. Then you can proceed with your daily transactions. This FTE is considered as previous month Balance when you first start with the App.

There are four types of reminders in our Queen’s Brain App

General reminder
Income reminder
Expense reminder
Investment reminder

GENERAL REMINDER: -

If you want to take a tablet weekly once in the morning before breakfast for 6 weeks, we tend to forget about it any one week. In such cases the general reminder in our Queen’s Brain App will help us by giving notification every week at a particular time, till the date you set for repeating the reminder and help us achieve our task without any problem.

INCOME REMINDER: -

In case you have to receive an Income or interest from a particular person you lent the money to every month or 6 months once or annually etc.., you can set an income reminder. Once you receive the money, you can mark the reminder as done and save it if you want this entry to be automatically reflected as your income for balance calculation.

EXPENSE REMINDER: -

Generally, SMS for EB payment will be received in our registered mobile numbers before 20 days of payment. Sometimes we forget and pay at a later date with fine or even worse, the EB officials decide to cut the EB connection to your house. To avoid such circumstances and to save our money without paying unnecessary fine this reminder will be useful. In fact, any other expense can be added as Expense reminder and once you make the payment, you can mark the reminder as done and save it if you want this entry to be automatically reflected as your expense for balance calculation.

INVESTMENT REMINDER: -

Investments are typically expenses but they bring upon returns some day or the other unlike expenses which will never come back to us. Monthly RD is one such investment step taken by people and it has to be paid within 10th of every month as per the standing instruction given by the banks. However, we may forget to keep that balance in our saving A/C within 10th of every month. In such cases you can set this reminder on 10th and set to give notification 3 days before so as to check our balance and take steps to maintain the necessary amount in our account.

All the above said are some examples to say how the reminders will be helpful for task management.

SPECIAL FEATURES IN REMINDERS

Notification will be given on the same day or on a day before or 3 days before the actual reminder depending on how you set it.
When you click on the bell icon on the top of reminder page, it lists out all the reminders which you had set till that time. You can delete it or move it by pressing “Mark as done”, if u had finished that task.
A dot appears below the date of which you had set the remainder except for daily and weekly reminders. This is to easily identify that we have some task to complete on that particular day.

Thus setting the reminder and tracking it every day will help you not to miss any work.

In the Queen’s Brain App, click +Add button to add your New Income. It moves to new income page. In that page you can fill in the requested details. For Eg:- INCOME NAME

Interest
Loans Got
Salary
Stitching

We request you to enter loans got in income because when you avail a loan in bank or from somebody else, you first receive that money in your Bank account or as cash. Keeping that money as your income you are going to do some expenses. Hence, to bring the correct financial balance (i.e.,) cash in your Bank account/Hand on the current date,

Select the date on which you have received that income
From whom you received that Income
That income is credited to which bank account or to whom
Mode of payment
The amount credited to you
In notes you can write extra information needed (eg) UTR number when you do net banking etc.,

Another important thing to be noted is when you give loan of say Rs.10,000/- to someone in January and they return it back partly with some interest in March, you have to follow the below procedure for making such loan entries.

Say you lend an amount as loan to someone say Raju, and when Raju repays the loan, you should enter it in the Income page as Loan repaid by Raju.
When you borrow an amount as loan say from SBI, you should enter it in the Income page as Loan got from SBI.

If the Loan entries are made in this manner only you will get the Balance correctly.

In the Queen’s Brain App, click +Add button to add your New Expense. It moves to new expense page. In that page you can fill in the requested details For Eg:- EXPENSE NAME

Transport
Milk
Hospital
By credit card
Loans given – Chitra

Then proceed with entering the other details requested in that page. You have to follow the below procedure for making loan entries.

When you lend an amount as loan to someone say Raju, you should make an entry in Expense page as Loan given to Raju.
When you are paying back the loan as EMI, enter it in Expense page as Loan repayment to EMI-SBI.

If the Loan entries are made in this manner only you will get the Balance correctly. In the Queen’s Brain App, any expenses done using Credit Card can be added as a new Expense in the Expense page and entering the Mode of payment as “Credit Card”. When repayment to Credit Card is done, it can be added as a new Expense in the Expense page and entering the Mode of Payment as “Repayment to Credit Card”. If the above method is followed for payment using credit cards, the Balance calculation will not consider both the above two cases as expenses which may give wrong balance. Instead you will get the correct balance considering only the “Repayment to Credit Card” as expense. Technically, we spend only when “Repayment to Credit Card” is done and not while we pay using “Credit Card”.

In the Queen’s Brain App, click +Add button to add your New Investment. It moves to new investment page. In that page you can fill in the requested details.

INVESTMENT NAME :-

RD
FD
CHIT
Buying land or gold

Then proceed with entering the other details requested in that page. Everyone should clearly know the difference between investment and expense.

EXPENSE IS WHAT YOU SPEND.

INVESTMENT IS WHAT YOU SAVE.

Remaining data has to be filled as requested in the “New Investment Page”.

In balance sheet page you can view the income, expenses and investment depending on the entries we made. A PIE CHART representation for the same is also available for users. “BALANCE”- This is the main part of our app. It shows the original amount what you have in your hand currently. Balance value will be correct only if you make all the entries in the correct place as we had mentioned earlier. Anyone can plan his/her expenses for the forthcoming days of that month, using this balance information.

A PENNY SAVED IS A PENNY EARNED

Analyzing the balance periodically will help to improve financial management for maintaining and running the family successfully. DOWNLOADS” – Downloads is the other main part of our app. We can download all income, expense and investment statement separately for a selected moth or date range. This will also be very useful when we file our IT RETURNS every year because we usually forget to whom and from whom the transactions are made. But if you have the balance statement month wise or FINANCIAL YEAR wise APRIL 1^st TO MARCH 31^st you can easily file your tax returns. We can also maintain accounts of different persons in the same device using different Gmail logins.

A marker is used to indicate events on a daily, weekly, or monthly basis on a calendar. It is possible to add different markers for different jobs. A calendar contains two choices.

Single date

One date every month, such as the current bill paid or the gas booked, can be chosen using the single date option.

Multiple dates

It is used to highlight many dates that need to be remembered during the month. For example, multiple dates need to be highlighted when buying milk within a month. This tool is used to emphasize these important days.

To-do lists help you sort through your tasks and

identify the most important ones. Focus on the high-priority items first, and feel the satisfaction of checking them off! You can mark the completed task and the pending tasks will be unmarked. As you mark tasks complete, the remaining ones automatically become your top priorities. No more hunting for what to do next; Your to-do list becomes a clear roadmap to success.