REPORTS - Income & Expenses
In this report you can view your Income and Expenses, clearly broken down into categories.
View them over any period of time (for which you have transactions) and compare against other months, periods of time and against your budgets.
You can also update and add budget items from within this report.
This report is based on the number of transactions that you have imported & categorized. The more complete the information that you have entered, the more accurate your report will be.
VIEWING YOUR INCOME & EXPENSES REPORT
Your income and expenses are displayed by category, accompanied by a graph and a total ($) value for the nominated time period.
You can adjust the results using the Summarise and Compare lists at the top of the report.
Summarise - lets you select the date range that you would like to display information for. You can select a specific date range or view the summary for a particular month.
Compare - allows you to select a number of comparison options. You can compare your current report to other information, including your budgets, previous months or any other point in time.
VIEWING REPORT DETAILS
Within this report you can view more detailed breakdowns of your income, expenses & budgets. Clicking on the name of a category will present you with the specific details for that category.
There are three different sets of details.
You will see different details depending on the option that you select from the Income and Expense Report summary
1. Actual Transactions
Directs to the ‘Search’ page. These category details will display the transactions only for the time period you have selected. You cannot edit budget items on this page.
2. Budgets VS Actuals
Directs to the ‘Actuals VS Budget’ report, where the details for your chosen category will display a detailed breakdown of your budget, with your transactions in a monthly breakdown along with any budget details. You can add and edit budget items from this page.
This monthly breakdown lists your transactions, alongside budget items and a running total to show how much you are under or over your set budget.
3. Graph
12 month comparison is as a graph of transactions vs. budgets, broken down by month into a 12 month comparison. You can also access this by selecting ‘View graph’ at the top of the Actuals VS Budget report.
The closer your budget (white) is to your actual spending (green) the closer you are to being on track. It is also a good indication that you have set up your budget items correctly. You should be able to quickly and easily see if anything is out of place.
You can see in the above graph that the spending is not always close to budget. Sometimes it is drastically over budget, sometimes under budget and at other times it is close to budget.
