Split into Accounts

  • 9
  • Idea
  • Updated 3 years ago
  • Not Planned
I would like to be able to split a transaction between multiple accounts as well as multiple envelopes. There are times when I pay part of a transaction with my debit card and part with cash.
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GadgetGirl

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  • Hopeful

Posted 9 years ago

  • 9
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cmchien, Official Rep

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@GadgetGirl, thanks for the question.

I'm assuming that you're using EEBA with Accounts turned on on our Plus or Premium plan? Unfortunately, EEBA doesn't let you record a single transaction between multiple accounts.

In your particular case, you will need to enter two different transactions, which is essentially what you are doing. E.g., to record $55.00 paid to the grocery store as $40 on your debit card and $15 in cash, you would record two transactions, potentially both from the same envelope, but logged to different accounts.
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paulseeti

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But it would be really helping if you made it possible to split transactions in accounts also.. Then we don ́t have to record two times..
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Steven Tafzil, Employee

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Hi paulseeti,

Thanks for the suggestion. I've added your idea of Account splits to our requested features tracker, thanks!
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JOhn BoB

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This would be a useful feature for doing a CASH BACK from a debit purchase
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Audrey Chau

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Hi JOhn BoB,

I have added your voice to the requested features tracker. Although we cannot implement all the great ideas right away, your input on the cash back scenerio is much appreciated. Thanks!
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Nikola Novak

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I'd like to see this functionality also. It's a bit of a pain when I'm shopping and come out of the store with a bill that spreads over several of my envelopes AND I pay using more than one account. Then I have to check which envelope each item goes to, add them up, and divide values first for one account then the other, etc. This certainly doesn't favor the "Easy" part of "Easy Envelope Budget Aid".
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Steven Tafzil, Employee

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Hi Nikola,

Thanks for the feedback, you're right that we don't handle split Account transactions very well right now. If you have the time, could you let us know more about your experience? Would you ever need to split between more than two Accounts?

Would a possible work-around be to record the entire expense to one Account, then do an Account Transfer from one Account to the other?
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Nikola Novak

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Hi, Steven!

I'd be perfectly happy if there was an option "Split into multiple" for accounts the same way as it is for envelopes. Since it doesn't matter which account was used to pay for which envelope, only how much was paid with which account, the two features are completely independent.

Would I ever need to pay for the same thing using more than two accounts? I've no idea. I suppose that if there is a solution that will work with up to N accounts someone will eventually come up asking to add a feature for N+1 accounts.

My experiences with paying from multiple accounts are not very common, but take a little time to enter into EEBA when they do happen. For example, if I have bills coming up, they are usually charged onto my checking account directly. Say I don't want to end up short and I'm not carrying enough cash, or I'll simply need cash later where they don't accept cards, I'll need to split payment, and some stores will allow that. Also, if I leave a tip, it'll usually be in cash, regardless of my payment method. That could easily be a different transaction, but leaving it in the same one would be more convenient.

Also, I pay bills and need to split the expense with my roommates. The simplest way to manage every one (using EEBA, of course) is to create an account for each one of them, then charge 1/N of the total to my account, then split the remainder by making it an account transfer from my account to their accounts. Since I have two roommates, I need to enter 3 transactions total, when this way I would only need two - one for my share of the bills, the other as transfer from my account to each of theirs. When finally they pay me back, I can transfer that money back out of "their" accounts into mine. This way I can track how much they owe me using EEBA, which is very convenient.

I hope this helped.

Kind regards,
Nikola Novak
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Steven Tafzil, Employee

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Hi Nikola,

Thank you, that's very helpful! I've added your comments to our records. You've given us a great picture of how you use EEBA, and how EEBA could be even better for you. That's exactly what we wanted to know. Thanks for taking the time to share your experience with us!
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Nikola Novak

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Hi Steven,

Glad to help.

Cheers!
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Mario Butter

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This reply was created from a merged topic originally titled
Suggestion for income transactions..


Suggestion: allow "income" transactions to enter multiple accounts. I have my paycheck deposited into several different accounts and it would be nice to just one transaction instead of three every payday.
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Becky Huang, Official Rep

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Hi Mario--I've merged your suggestion to an existing thread so that we can keep track of the votes. Can you +1 this idea?

I've also added your voice to our internal tracker--it's helpful to know why this feature would be helpful in your situation!
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Stacy Saunders

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I see this old thread and would like to lend a vote and reasoning behind it as well. I also have my paycheck deposited into multiple accounts. And because I cannot currently do a split of the total without multiple transactions, I also do not have an easy "record" of getting the total for that specific paycheck. Instead, I have to do a search for the date and payee to get a list of the multiple transactions that take place. Then, I have to add all of those values together to know how much I made on that paycheck. Yeah, I know I can look at my paystub again. But the ability to do my bookkeeping in one tool rather than having to open another web page and log in to get the exact details from my electronic paystub is preferred.

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Karisa Russell, Official Rep

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Hi Stacy - Thanks for lending us your vote and feedback! I can see how being able to split your paycheck into multiple Accounts would be really helpful for your situation. I've added your vote to our request features tracker. Thanks again! 
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Esther F

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Please add the ability to split accounts. I often pay with cash and debt card in a single transaction but having to make two separate transactions in GoodBudget is tedious.

Thank you :)

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Karisa Russell, Official Rep

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Hi Esther - I've added your vote to our tracker!