CATEGORIES
CATEGORISING
After you have named a transaction you can categorise it.
Categorising transactions allows you to see where you are spending your money, but putting that income/expense into a group.
There are three things to consider when setting a category:
- Does it need a single category?
- Does it need multiple categories?
- Is it a cash withdrawl or a transfer?
SINGLE CATEGORIES
The majority of your transactions will only need a single category.
To set a category:
1. Select to Categorise
2. Under ‘Create and Use New Combination’ select ‘Category’
3. Select the category most relevant to the transaction
Remove a category by clicking X beside it in the Transaction Register.
Using Combinations
Combinations can save you time when selecting categories.
You may have stores where your purchases do not always fall under the same category. In this case Budgets Get Real will select your most frequently used category, but suggest that there are other possible combinations available by marking that category in blue in the Transaction Register. Clicking on the category will allow you to specify the category for that particular purchase.
Combinations allow you to select from a short list of categories for that transaction, based on what you have used before. Your previous choices (or combinations) are remembered for quick selection.
To select a combination, open the Set Category window as usual. Your previous combinations should appear for you to select from.
To select a different category to use, choose ‘Create and use a new combination’ and select the category you want to use.
MULTIPLE CATEGORIES
Some transactions might need more than one category. Multiple categories can increase the accuracy of your spending breakdown.
An example of when you might want to apply multiple categories:
You make a purchase at your local supermarket. At the checkout you also get $100 cash.
Instead of marking that transaction with only one category, you can assign two - one for groceries and one for cash.
To set multiple categories:
1. Select to Categorise
2. Select ‘Multiple Categories’ from the next window
3. Set the first category by clicking Category not yet set
4. Set additional categories with the ‘Add Category’ button
Remove a category by setting the $ value of that category to zero (0).
CATEGORISING CASH AND TRANSFERS
Transfers between accounts are automatically categorised. You only have to name them.
To set a category for a cash withdrawl:
1. Select to categorise
2. Select the wallet to allocate the money to
Using Combinations
Combinations can save you time when selecting categories.
You may have stores where your purchases do not always fall under the same category. In this case Budgets Get Real will select your most frequently used category, but suggest that there are other possible combinations available by marking that category in blue in the Transaction Register. Clicking on the category will allow you to specify the category for that particular purchase.
Combinations allow you to select from a short list of categories for that transaction, based on what you have used before. Your previous choices (or combinations) are remembered for quick selection.
To select a combination, open the Set Category window as usual. Your previous combinations should appear for you to select from.
To select a different category to use, choose ‘Create and use a new combination’ and select the category you want to use.
