Refunds are not income!!!
Expense reports are completely useless due to the categorization of refunds as income!
Isn’t expense reporting the main value proposition of the app? I see popular ideas like adding a dark theme on this page. This is great but please(!) get the basics right first.
Picking up a $200 bill for a dinner then getting $100 back from a mate is not $200 in dinner expenses. It’s $100! Ordering clothes for $400 online then making a return for $250 doesn’t mean that I spent $400 on clothes. I spent $150! Shall I continue? Splitting the grocery shopping bill on a weekly basis, splitting utility bills, paying for cinema tickets for a group under one reservation... you name it. We can’t use the expense report like this.
Please make this a priority in your dev pipeline!
Some users report registering refunds in the same category as the original expenditure. This makes sense to me. Unfortunately, Wallet Analytics isn't consistent in the way it handles refunds in "spending categories". For example: looking at the Income & Expense Report under Analytics, the spent amount under any given category will be equal to "total amount spent in that category, minus any amount received in that same category". This makes sense. However, if you chose to display this information in a pie chart, refunds in a given category are not subtracted from the expenses in that category. This leads to inconsistent results: If I order 5 pairs of pants in 5 different sizes and return 4, only keeping the one that fits, the pie chart will show that I spent, say, 500$ on clothing, and the report it will say that I spent 100$. The latter is how I usually see it done. This looks like a bug to me.
Arturo Viot commented
What i am doing, is to aplly this refund to the category/account it is referred to... easy, controlled and fair!
Arturo Viot commented
It depends of your criteria. At the beginning i had the same thought as you, but you can easily change your mind, and apply: you spend it as you may need it, after any situation you decided to changed plan and proceed to return your purchase, and the seller will proceed to a refund. This is like your budget, you planned your expenses on a base, and tomorrow your expenses changed for any reason that is not under your control (like USD currency value dropped): what will you do? change your budget (that you did and defined) or accept the differences as this not a controlled situation?
All is based on your plan, if you forcast to spend 10 and finally you only spend 9, this is not about refunds or your bad budget, this situations you have to deal with...
Arnon Rodrigues commented
I've just stopped using the app, after a month with a lot of refunds it's just too much work to disconnect from the bank account and delete all the expenses/refunds
Pedro Costa commented
I came here to say the same.
Another app I use handles this better. When receiving an income not coming, from normal income, it will ask if it was a divided expense or refund and suggest the expense to relate to. You can then relate the expense and this will be added like a refund removing that amount from that expense.
This is also my biggest grievance with the wallet.
Kamil Wójcik commented
In described scenarios (paying for someone and getting money back from that person) I use loans/debts.
Refunds from shops I register as transfer to/from outside of Wallet.
It is not a "one-click" solution, but it works.
Fabrizio Olivadese commented
I totally agree. If I spend 1000 euros and my friends give me 800 back with a bank transfer, I have a twofold problem:
1) in the expense category I will still see that I have spent 1000 euros (even if I associate the 800 received with the same category). Instead, i should see 200 euros as spent.
2) In the "monthly earnings" the 800 will also be evaluated, even if they are not earned: it is only a refound! My earnings should only be my salary!
I would love it if the default refund were to go to the same category as the purchase. Others have mentioned they apply refunds to same category as purchase and I do this as well. It helps me see what I really spent in a given category. I'm honestly not sure what purpose the refund category serves with the exception of tncome tax refunds, which are effectively deferred income.
i mean.. when thats the case ill log it as income but not in the category income. if i spend $100 for groceries and my fam gives back $80 i’ll log it as income in the grocery category, so it’ll show i spent $20 in groceries not $100 with a separate income of $80
Same problem, this should be fixed as soon as possible.
Reinhard Labuschagne commented
I overcome this by creating an income in the expense account. Thus if there was a debit of $200 and a credit of $100 in the Restaurant account then the nett of $100 debit would be registered.
YES please at least make this an option
Well ... it all depends on how you register your expense. I see it differently as you. When you go out for a dinner with a friend and pay 200€ for you and your friend you can also only register your own part of 100€ as restaurant expense and the other 100€ as a loan to your friend and then register his pay back as a refund. Doing this will give you a much better analytics on the way you’re spending your money too as it won’t register 200€ as restaurant expense but only the 100€ that you really gave out for restaurant.