How to handle shared expenses

Introduction

This article is about how you can use the 'Split Transaction' feature on Money Dashboard Neon to handle shared expenses. 

Example

How to split transaction

Topic Area

Scenario Guides

Relevant to users on:

Money Dashboard Neon

Not sure which App you are on?

If you are unsure if you are on Money Dashboard Classic or Money Dashboard Neon? You can find that information here

Example

You make a £900 transfer to your partner for all household expenses including bills, mortgage payments and household purchases. You can use the 'Split transaction' feature to accurately reflect this in the rest of the reporting features. For example, instead of only being able to track £900 under a single category, splitting a transaction will enable you to track different amounts into different categories

1. Locate the £900 transaction from your Transactions list
2. Tap into it to bring up the Transactions details. You will then see the option to 'Split' this transaction.
3. You can then assign different categories to the split portion of the £900 once the split is done

Please refer here for step by step instructions on how to split a transaction.