Introduction


Not all transactions are simple and straightforward. For example, if you go to the Gas station and you purchase a couple of gallons of gas, a sandwich, some candies and a teddy bear for your kid you may want to split this transaction between different categories. The situation can get even more complicated if you decide to pay with some cash that you have in your wallet (get rid of the coins for example) and your checking account. And on top of that use the Cash Back service.


Orientation


Splitting a transaction is as easy as creating a regular transaction with MoneyWiz. In this section we will explain how to:

  • Split transactions between accounts.
  • Split transactions between categories.
  • Split transactions between both accounts and categories.
  • How to reflect cash backs.


The screenshots in this guide are made from an iPad device. Whenever there are differences between the platforms/devices where MoneyWiz is available, these will be described. Please, do not hesitate to contact us in case you have any questions.


Splitting transactions between accounts


To split a transaction between accounts you have to start creating the transaction as usual – for more information please check the Working with Transactions guide.




The first button on the top shows the name of the account you are currently in. You can click/tap this button and a list with all your accounts will be revealed. Note that the account you are currently in, has a tick ✓ mark and the others don’t.




To split a transaction between multiple accounts, select all accounts that you used for this transaction. Then enter the details as usual, and the total amount of the transaction. Note that if you select more than one account here, the Done button changes to Next. This button is located on the top right corner for iOS/Android and bottom right for Mac OS. Click the Next button and you will be taken to additional screen where you can instruct MoneyWiz how exactly this transaction has to be split between accounts.




At this point you can always click Back and select only one account if you decide that you don’t need to split the transaction. By default MoneyWiz allocates equally the amount between all selected accounts. You may change the total amount as well as the allocated amounts. Notice that you can also use the calculator keyboard. 




When you finish the adjustments you can click/tap Done and your transaction will be split between the selected accounts. Note that in each account the transaction appears with the amount spent from this account only.


Splitting transactions between categories


To split a transaction between categories you have to start creating the transaction as usual – for more information please check the Working with Transactions guide.

Locate the categories field and select as many categories as you want to.


To split a transaction between multiple categories, select all categories which apply to the transaction you are entering.




Then enter the details as usual, and the total amount of the transaction. Note that after you selected more than one category here, the Done button changes to Next.This button is located on the top right corner for iOS/Android and bottom right for Mac OS. Click the Next button and you will be taken to additional screen where you can instruct MoneyWiz how exactly this transaction has to be split between categories.




At this point you can always click back and select only one category if you decide that you don’t need to split the transaction. By default MoneyWiz allocates equally the amount between all selected accounts. You may change the total amount as well as the allocated amounts. Notice that you can also use the calculator keyboard. 

When you finish the adjustments you can click Done and your transaction will be split between the selected categories. Note that the transaction will appear as one transaction in the account you select and as separate transactions in budgets which monitor those different categories.




Split transactions between both accounts and categories


In order to split a transaction between accounts and categories at the same time, you should just start to create expense transaction as usual, then select all relevant accounts and all relevant categories. On the next step you will be able to configure how the transaction should be split.




Handling cash backs


In some situations, we go to a store, buy something and use the Cashback service. This situation is handled easily with MoneyWiz. All you have to do is:

  • Create expense transaction with the amount that you spent in the store.
  • Create a transfer transaction between the account that you used to pay and your cash account with the amount of the cash back.