There are some neat changes in how you can check out your transactions, group your expenses, handle your budgets, and whip up some snazzy reports. Let's explore together and see what kind of fun surprises they've cooked up for us! 😉👇
In this article, the sections comprise
- Transaction viewing
- Category management
- Budget
- Report
1. Transaction Viewing
In the Transactions list screen, instead of being limited to viewing categories in separate wallets as before, you can now view transactions from all your wallets that are included in total (~ total wallet). This helps you get a more comprehensive overview of your daily income and expenses.
Tracking all transactions per category of different wallets becomes more convenient with the "Total" wallet option.
👉 Explore more about Transactions tab screen
2. Category Management
You can also easily manage income/expense/debt:
- On the Category Management screen, you can see your category list across total wallet or individual wallets.
- Categories are now divided into three types: Expenses, Income, Debt/Loan.
- Categories are organized hierarchically. For example:
- Parent category: Food & Beverage
- Subcategories: Breakfast, Coffee, etc.
The Category Management screen in Account tab
You only need to create an income or expense category once. MoneyLover will automatically assign that category to the appropriate wallets.
Additionally, you can also flexibly adjust the active/inactive status of categories in different wallets.
You can activate/inactivate each category in each wallet
👉 Explore more about Categories
3. Budget
A budget for a category is the expected expenditure for that category over a period. Setting budgets reflects the actual spending situation, helping you predict and control better in the future.
With new update, you can:
- Set up a budget for a category once for total wallet.
- Flexibly adjust the time frame to set your budget, for example, weekly, monthly, quarterly, yearly, etc.
👉 Explore more about Budget
4. Report
Consolidated reporting for your wallets is now enhanced, making it more convenient to track.
- Ensure that all transactions with the same purpose are grouped together in the "Total wallet". For example, expenses for eating at home, dining out with friends, coffee, etc., from personal wallets, family wallets, work wallets, etc., all fall under the Food & Beverage category in the "Total wallet".
- Easily track different types of reports by adjusting the time frame and category right on the details screen of each report.
You can easily customize the time frame and category even more.
- Moreover, you can view reports by category right on the report's overview page.
👉 Explore more about Report: definition and usage