A budget answers "how much can I still spend?". The risky mistake there is showing room that isn't really there, so your budget counts unknown money against you, never for you.
- Money out with no category counts as spending until you categorize it. If it turns out to be a transfer, you'll have looked over budget for a while, and that's easy to fix.
- Money in with no category isn't income, and it doesn't make up for any spending.
Your Overview and reports do the opposite: they leave uncategorized money out of their totals and say so. See why uncategorized transactions aren't counted.
Where you'll see it
- On the budget's Overview, under your left-to-spend figure: "Includes $X not categorized yet, counted as spending until you categorize it."
- Under Worth a look, a hint like "12 transactions to categorize".
- On the Spending tab, a Not categorized yet card. This money counts against your spending budget as a whole, but not against any one category or group, because we can't tell which it belongs to.
Fix it
Categorize them
Choose Categorize them on the card or the hint. The Transactions page opens on this month's uncategorized transactions. Give each a category and your budget updates. See how categories work.
Sort transfers to your own accounts
If some are worded like transfers, choose Sort transfers (or Sort them in the hint). See below.
Record friends paying you back
If money in looks like someone settling a shared bill, the card says so. Choose Open Splits and record it there, and it settles what they owe. See record a payment.
Connect the other bank
Moves between two accounts you've connected are matched and left out automatically. When the card offers Connect a bank, use it to bring in the account on the other side. See connect your bank.
Sort transfers to accounts we can't see
Money moved to your savings at another bank has only one side in Finly Money, so it looks like spending. Where did this money go? asks about it once, grouped by wording.
Pick where each one went
For money out, choose Into my savings, Into my investments or Paying a credit card. For money in, choose From my savings, From my investments or A card refund or credit.
Tick your own transfers
When the wording is general, like an e-Transfer, the transactions are listed: tick only the ones that went to your own account. Rent or money to a friend should stay out.
File them
Choose the File button, for example File 3 transactions. They're filed as transfers, out of your spending and your budget.