![]() ![]()
Some personal finance apps let you add notes and attach files. For example, you might set up a tag called tax-deductible, which gives you an easy way to pull up all your tax-deductible expenses at the end of the year. That way, you can search for transactions that are related in ways other than category assignments. This information can also be helpful when tax preparation time rolls around and when you run reports.ĭepending on the service, you might be able to add tags to transactions, too. If you're conscientious about categorizing your income and spending, you'll get charts and reports that accurately summarize where your money comes from and where it goes. Most apps guess the categories, but you can always change them, and you can split transactions among different categories. Transactions need to be correctly categorized as income (salary, freelance payment, and interest, for example) and expenses (food, mortgage, utilities, and so on). What Can You Do With Transaction Data in Personal Finance Software?Īfter importing a batch of transactions from credit card and bank accounts into a personal finance app, most people spend some time cleaning up the data. It's never a bad idea to brush up on best practices for preventing identity theft online to protect yourself further.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |