The transaction calculator has four essential functions, as shown at the bottom of the screen: edit, delete, add and split. The date and payment fields allow you to edit the times a payment is to be received or expected to come out. If it’s a significant transaction that you want to split or if you want to set up a payment plan, you can edit the exact details here as well.
1. To update a transaction. There are two ways you can do this. One is for a single transaction, and one is for recurring transactions.
For a single transaction,
1. Select any transaction you’d like to update. Just tap and long press. (Note that you can’t edit historical transactions. Historical transactions are transactions from the previous month to the preceding months)
2. In the transaction editor screen, update the following fields
– transaction type from income to expenses or vice versa
– transaction name (short description of your transaction)
– contact name (usually vendor’s name)
– amount
– date (payment date & due date)
An example,
If a user needs to adjust an invoice amount in one of the transactions due to a discount applied.
The user needs to look for the invoice, enter the amount and click update. Then from there, they can see the changes by looking at the graph above.
For a recurring transaction, you’ll recognise it based on the pattern of transaction names and amounts in the transaction list of the scenario page.
1. Select the specific recurring transaction you’d like to update
2. The next screen will show you the number of recurring transactions created for an invoice or bill
3. Select which transaction date you’d like to edit
3. The next screen is the transaction editor screen. You can now update the following fields
– transaction type from income to expenses or vice versa
– transaction name (short description of your transaction)
– contact name (typically vendor’s name)
– amount
– date (payment date & due date)