When setting a budget, we do most of the hard work for you!
From here you can ensure all your details are correctly categorised and then set your budget values.
If you would like to review your transactions and make sure that each one is categorised and tagged correctly, the Review Transaction view is something you might find useful.
Here’s how to review transactions:
2. Your cashflow will show you all the transactions that need to be reviewed, based on the Filter that you have set.
3. In this view, you will be able to verify and review transaction details such as Date, Amount, Category and Tax Tag.
You will be able to do the following:
Amend categories and tax tags directly.
Click on the entry and a drop-down will appear with options for you to select from.
Choose to assign ownership and add notes.
Click on the transaction name, followed by Edit details.
4. Once all the details are correct, simply click on Review at the end of the row and those details will be confirmed.
5. Once reviewed, the transactions will no longer appear on this screen.
You can import bank account or credit card transactions to mycashflow in bulk by uploading a CSV file.
These CSV files can be obtained from the most bank’s via your internet banking login by select the accounts and date range for transaction data. Once you have that, simply click on Tools in the top right-hand corner of the mycashflow tab, followed by Upload CSV.
You may have the bank transaction data in CSV format from the software. If so, simply ensure the format is matching our example.: (Please ensure that column headers match the provided template even if there is no data in the column)
You might also be interested in How to add transactions manually to mycashflow.
You can also add transactions manually to your bank account in the mywealth tab.
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Transfers between your accounts will be matched and will not appear in mycashflow. You can view these transactions using the “Include transfers” option in your settings.
To get to there, click the cog on the icons on the right of the screen. This will take you to settings. Then click “Wealth and cashflow settings” and check the “Include transfers” box.
If the transfers take more than a day between leaving one account and appearing in the other, they will not be matched. In these rare cases, they can be individually hidden (see How to hide a transaction).
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The Transfers Category
Your settings will not affect transactions in the “transfers” category. For example, if somebody transfers money into your account, it will still appear in your cashflow as an income transaction.
It’s also possible for these transactions to be miscategorized. If so, create a rule to move them into the correct category. (see also Editing categories in mycashflow)
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mycashflow tracks your transactions from bank to loan accounts. Depending on how you’d like to utilise it, you may choose to include the interest payments out of your loan.
In the Settings dialogue, you may choose to:
You may have hidden transactions in the past, that you want to view again. Here’s how you can do so:
You might also be interested in How to hide a transaction
There are a number of defaults, built-in categories in mycashflow. These cannot be edited or removed.
You can create your own custom categories and then add rules to move appropriate transactions into your custom categories.
For example, you could add a custom category called “Fitness” and then create a rule to automatically move all transactions for your gym membership into the Fitness category.
In the mycashflow category view, empty categories (without any transactions) are not displayed so empty categories will not clutter the list.
Set custom filters in mycashflow
Here’s how to set custom filters in mycashflow.
2. Click on the filter drop-down.
3. You will see some options that allow you to filter the transaction according to time periods as well as an option to view reimbursements.
4. The last option would be to set a custom filter, select this option
5. You will now see an additional set of parameters
6. You will be able to sort your transactions according to:
The filters you have set will also be applied to reports that you generate from the mycashflow tool.
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