There are 2 easy steps to first configure Monies
Step 1: Click on the Settings tab
Step 2: Add the name of the expenses and income you want to use in your application. Check "Expense" check box if the record type is an expense. If you uncheck this check box you'll have an income.
Note: You can add/remove or rename the entries at anytime you want. But it's important to have some entries before running the application for the first time