Please note this is for categories as they are categorised on the overview tab (On web app and Mobile). The first thing you need to know is that when looking at Incoming and Spending all of your categories are net (as opposed to gross). That is what determines if they are classified under 'Spending' or 'Incoming'.
Spend Analysis, The Overview Tab
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
The difference between net and gross
When you are on the Overview tab you will see that all of your categories are categorised into Incoming, Spending and Saving. Quite simply the categories included in these overarching categories are there because:
- Incoming: The transactions with that category have a net positive effect on your account (e.g more Money in than out)
- Spending: The transactions with that category have a net negative effect on your account (e.g more Money out than in
- Savings: Transactions containing the Savings category
The values you see for these categories are the net values. E.g we add them all up and give you the value. If it is negative the whole category gets classed as spending, if it's positive the whole category gets classed as incoming.