NEW FEATURE: Add transaction status (Cleared, Unreconciled, Reconciled, and Void)
Please add the ability to add transaction status and its respective filter. Transaction status is very useful when user needs to reconcile the budget entry with his/her bank account.
A very common feature in expense mgtmt application..
Maybe making the records created on the credit card account to be not cleared by default
please link each status to one color
reconciled = green
void = grey (status not existing, at this point of time)
cleared = orange
it would help to manage data more efficiently
Kate Mallatratt commented
tick box next to the transaction for easy reconciliation would be good
José Luis Carballal commented
This would be a great feature to add specially for those of us that make payments on different currencies and need to wait for the bank's statement to get the actual amount, I used this feature on a different app a lot to help know what has been verified and what is pending due to the fluctuating currency exchange mostly.
In regards to implementation anonymous comments are excellent and agree with them for colors I would recommend, No color for unreconciled, green for reconciled, yellow for cleared and perhaps gray for void.
Thank you, looking forward to this feature a lot.
Carlos Sánchez commented
An option to mark transactions as paid or not (for example you sell something but don't get paid right away so you record the sale and mark the payment as pending). Maybe even link it to the debts part you have already implemented so you can check the debts and unfinished transactions all together at the end of the month.
This would also help forecasting monthly income or expenses correctly because you would be able to count on those transactions.
My ideal would be the below:
# Can you describe what should each state do in the app?
The state denotes the flow of the transaction:
+ Un-reconciled - the transaction has been made, but nether account paying or receiving have acknowledged it yet. There should be no change to the accounts balance (however
+ Cleared - The account paying/from has deducted the funds but the receiving/to account has not yet acknowledged the funds.
+ Reconciled - Both accounts have acknowledged/recorded the transaction. The funds should be appropriately deduced/added on all accounts.
+ Void - The payment has been cancelled but the record should remain (as a reminder essentially)
# How it should be used in other modules?
I'd like tick boxes for all states to decide whether they should be included or not. There will be scenarios where including or excluding all of these could be useful. This should include the dashboard. I think that both the actual balance and the balance including all pending transactions should be visible at the same time. This allows the user to check that their wallet data matches their real account balance and know what funds are available once pending transactions are factored in.
# What should be the default value for different types of payments?
For most transactions & transfers, un-reconciled until the transaction flow is updated by the user. The exceptions would be cash and voucher payments that should be reconciled. There may be more: I primarily use credit/debit card.
# Add option to filter those records by this status?
Yes. In modules and dashboard.
# What should be default value for future transactions?
Un-reconciled or reconciled as above (transaction type dependent)
# What about automatic reminder each day in the evening to check state of Uncleared,Cleared and Void records to change them to Reconciled.
This wouldn't be useful to myself (or others in the same situation). I'd need to wait for a monthly statement for some accounts, several days for others and some are instant. It all depends on the account.
# New dashboard with list of the oldest Uncleared, Void and Cleared records to see what is waiting for your input.
I think the option to sort and filter the transactions by status would allow users to achieve what suits them best.
# Automatic notification at the end of month?
Possibly, or for outstanding over 30 days/1 month?
# Differentiate by a color somehow in the list of the records. How? Colored dot?
I'd prefer the name of the state between the amount and the date.
Jack Frost's comment:
Here's an example of the colors. White for uncleared, green for cleared and
maybe red or blue for voided. Would be nice to be able to sort by status,
but no notification reminder to check cleared status please.
firstname.lastname@example.org empty commented
Possibly even change the background color of every expense/income that gets its status change so you can see with a glimpse which transactions have been cleared through your bank account.