Numbers you can trust
Right without the cleanup
The reason people give up on other trackers is fixing their numbers: a card payment counted as spending, a move to savings counted as money gone. Cashfield decides what each transaction is, so your totals are right from the first sync.
A worked example
One grocery shop, paid off later
You buy groceries on your credit card, then pay the card from your chequing account. Three lines across two statements, and one purchase.
- Groceries on your credit card−C$500.00Spending, in Food & drink
- Payment to your card, from chequing−C$500.00Not spending: a card payment, matched to the card’s credit
- Payment received on your card+C$500.00Not income: the other side of the same payment
Example figures. Cashfield matches the two sides of a payment when both accounts are connected, and recognises a card payment from the bank’s own description when only one is.
Moving money
A transfer to your savings
Moving money between your own accounts is not spending, and it is not income either.
- Transfer out of chequing−C$1,000.00Not spending: matched to the deposit below
- Deposit into savings+C$1,000.00Not income: your own money, moved
Example figures. A move leaves your totals only when both sides match. One side on its own counts as spending, where you can see it and file it under Transfers, Between my accounts.
Refunds
A shirt you sent back
A refund takes the purchase back off your spending, in the same category, instead of showing up as income.
- A shirt−C$80.00Spending, in Shopping
- Refund for the shirt+C$80.00Comes off Shopping, never counted as income
Example figures.
The rules behind it
Built so the numbers add up
Money In minus Money Out is your cashflow, in every currency, with card payments in neither.
Card payments count once
Paying off a credit card isn’t new spending. The purchases were already counted when you made them.
Transfers need both sides
Money moved between your own accounts leaves your totals only when both sides of the move match.
Refunds come off spending
A refund lowers what you spent in that category instead of showing up as income.
You decide what counts
Leave a charge out of your spending and it still counts in cash flow, because the money still left.
Coming soon
Be the first to know
Cashfield is coming to iPhone and Android. Leave your email and we’ll write once, when it’s in the App Store and Google Play. A question or an idea is welcome too.