Dimitrios Lafaras
My feedback
2 results found
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97 votes
We encourage more users to come forward and express their interest in this feature. Once it gains more traction and we see a higher demand for it, we can pass it over to the developers for their consideration.
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40 votes
This is really needed I believe - also for me.
When a purchase is made and the Credit Card limit is reduced, but you have to pay back the amount in installments then the initial charge shouldn't be considered an expense, rather the expense is each installment on the respected month/week that you pay back in the Credit Card account.
E.g. I have a Credit Card limit $18k , I am buying something that costs $6k with 6 equal value monthly payments (let's say no interest) and so my Credit card account now shows a balance of $12k available.
The $6k value shouldn't be considered the expense, and we should be able to show that in month 1 we paid back $1k, so we have $1k expenses and the new Credit card balance to be $13k (with $5k remaining to be paid back). This should be possible also if the amount is paid from another of our accounts to cover the monthly installment requirement.
I have seen something close to it in another app. You can make the transfers between the accounts to be taken into consideration as "expenses" for analysis or budget purposes.
So when you transfer the installment value from e.g. your saving accounts(or cash) to your credit card account (in our example $1k) this will be considered as an expense for the current month. accounts towards the loan account to be considered expenses. In the case of a mortgage is
The problem with the one I am mentioning is that also the initial transaction (in our example the $6k purchase) is considered an expense
Same for a any type of loans (like mortgage, car etc.), you can make the transfers from the rest of your accounts to your e.g. mortgage account considered expenses.