There is one limitation to recording cash transactions in : while you can enter cash transactions, and Mint is obviously aware of your ATM withdrawals, you won’t actually see a cash balance anywhere. If you uncheck this box, then you may wind up double-booking your spending: you’ll see both the cash withdrawal and the cash spending, even though you can’t spend money twice that you only withdrew once (though it would be oh-so-nice if you could!). Unless you have separately recorded cash income, it’s best to leave this checked–when checked, your cash spending will be taken from your uncategorized ATM withdrawal. By default, will mark the ‘automatically deduct this from my last ATM withdrawal’ box. When the dialog appears, fill in the date (you can type any date you like you don’t have to use the wheel), a description of the event, select a category, and enter the amount of the transaction.īecause this is a cash transaction, set the Type to Cash, and (assuming you spent money), click the Expense radio button. To create the transaction, click the “Add a Transaction” button. With ’s new Cash Transactions, you can enter your share of that group luncheon. Sure, you could always work-around this by splitting your ATM transactions but that took additional work on your part. With earlier versions of Mint, this cash would’ve gotten lost. Instead of forcing your waiter or waitress to run six credit card tabs, you decide to split the bill and pay with cash. How to Track Cash TransactionsĬonsider a situation where you’re going out to lunch with a group of friends. Here’s how to get the most out of this new feature, along with some things to watch out for. With the addition of cash and checks, that picture is now more completeĮntries in the Cash Only section of Transactions flow through to both budgets and trends, so using this tool regularly can help you narrow down your spending habits. has always been good at giving you a picture of your saving and spending activity. Using an intuitive entry-form, you can now record cash you’ve spent or received, checks you’ve written, and other transactions that haven’t cleared your bank yet. That’s all changed with the addition of the new feature that allows you track cash or pending transactions (available in the Transactions tab). While you could see what you charged, or the activity in your checking account, you couldn’t manually record the kind of day-to-day transactions that many still use cash and checks for. is the go-to online app for tracking activity across multiple bank and credit accounts, but until recently, there wasn’t an easy way to handle cash or check transactions.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |