How do I split transactions including cash and ATM transactions?

To split transactions in MoneyBrilliant you need to perform 3 steps. The steps are explained below but in simple terms, you firstly add cash to your Cash Account in Net Worth, secondly create cash transactions for each split transaction and thirdly change the transaction you wish to split to a transfer.

This is useful in a variety of circumstances but particularly if you want to split an ATM cash transaction between several cash purchases or categories (eg. coffee and groceries).

Note: adding the cash to the cash account increases the balance of your cash account, and this balance is used in your Net Worth calculations. As you spend (categorise the cash you have spent) the balance in the cash account drops and therefore so does your Net Worth.

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Adding to your cash account

Your Cash Account is like your virtual wallet. You need cash in your wallet to make cash payments.

Firstly, create a cash transaction to add cash to your Cash Account. The amount needs to be for the value of the transaction you wish to split. For example, if you were splitting $100 of cash taken from the ATM, the value of your cash transaction would be $100.

You can add a cash transaction from within your cash account in Net Worth.

When you add your cash transactions, we recommend you categorise your cash transaction as a Transfer and select Credit. Transactions categorised as transfers are excluded from your spending reports and budget. Adding a credit transaction means that you are adding cash to your Cash Account.

Adding cash transactions for your split transactions

Secondly, add cash transactions for the expenses you with to track.

For each cash expense, create cash transactions and categorise them according to how you want to track them (Coffee shops or Groceries). You do this from within your cash account in Net Worth. Select Debit for each of your cash transactions. The value of all your cash transactions should not exceed the amount you add to your Cash Account above.

Your cash transactions will be included in your spending reports and budgets, under the categories set for each transaction.

Change the category of the original transaction

Thirdly, change the transaction you wish to split to a transfer (e.g. the transaction from your bank for an ATM withdrawal). You can do this in My Transactions by simply recategorising the transaction as a transfer.

This means this transaction will be excluded from any calculations, including your budget and spending reports.

Desktop –

Adding cash to your Cash Account

Your Cash Account is like your virtual wallet. You need cash in your wallet to make cash payments.

Firstly, create a cash transaction to add cash to your Cash Account. The amount needs to be for the value of the transaction you wish to split. For example, if you were splitting $100 of cash taken from the ATM, the value of your cash transaction would be $100.

You can add a cash transaction from within your cash account in Net Worth.

When you add your cash transactions, we recommend you categorise your cash transaction as a Transfer and select Credit. Transactions categorised as Transfers are excluded from your spending reports and budget. Adding a credit transaction means that you are adding cash to your Cash Account.

Adding cash transactions for your split transactions

Secondly, add cash transactions for the expenses you with to track.

For each cash expense, create cash transactions and categorise them according to how you want to track them (Coffee shops or Groceries). Select Debit for each of your cash transactions. The value of all your cash transactions should not exceed the amount you add to your Cash Account above.

Your cash transactions will be included in your spending reports and budgets, under the categories set for each transaction.

Change the category of the original transaction

Thirdly, change the transaction you wish to split to a transfer (e.g. the transaction from your bank for an ATM withdrawal). You can do this in My Transactions by simply recategorising the transaction as a transfer.

This means this transaction will be excluded from any calculations, including your budget and spending reports.