Friday, December 09, 2011

Geldzin2: Transactions

In version 1.7 (build#64), I introduce the expected feature of transaction management. Every financial management app provides a means for users to log their expenses, deposits, and transfers. In Geldzin, this feature integrates with categories, debts and financial accounts (and behind the scenes, it affects distributions).


As you can see in the screenshot above, transactions are displayed with the latest on top. Amounts are color-coded (red for outgoing money, blue for incoming money), and linked categories and financial accounts are shown. Expenses can have splits (more than one category assignment). The current version allows entry of income (via Income Distribution), deposits, and expenses. Whenever you use a category that is budgeted, its distributions are affected. For example: an expenditure using a budgeted category will deduct the transaction amount from that month's distribution for the category.
Using the menu immediately above the transaction display, you can also choose to view transactions (1) in a given date range, or (2) for a particular financial account. A future version will provide more comprehensive reports so you can analyze transactions and see your financial trends.

The lifestyle principle is that you should know where your money is coming from or where it is going. With data like this, all kinds of analysis and trending can be done to help make good financial decisions and identify opportunities for efficiency. This data can, for example, be used to refine your budget.

To see this feature in action, access the webapp at http://jubilee.homeip.net:84/geldzin2/ and login. [Demo account is username guest and password geldzin]. Navigate to {Transactions}. Select an option in the {Create New Transaction} dropdown to create an expense, deposit, or distribute income.

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