From 54c6ee79abfee755152d856fc43bd0a242d08cfa Mon Sep 17 00:00:00 2001 From: James Cole Date: Mon, 29 Jun 2015 09:50:51 +0200 Subject: [PATCH] Updated full description (markdown) --- full-description.md | 28 ++++++++++++---------------- 1 file changed, 12 insertions(+), 16 deletions(-) diff --git a/full-description.md b/full-description.md index 1fcb691..b800a04 100644 --- a/full-description.md +++ b/full-description.md @@ -94,8 +94,17 @@ Tags are an extension of categories and meant to expand on the meta-data include Tags are currently implemented in Firefly, although you cannot _see_ them everywhere. Nor can you see nice overviews of tags. This is all coming. However, some important features of tags have already been implemented. -* Advance payments. TODO -* Balancing money. TODO +### Advance payments + +Let's say you're in a restaurant, and decide to pay the bill for everybody to save the hassle. Still, you agreed to [go Dutch](https://en.wikipedia.org/wiki/Going_Dutch) so everybody should pay there share. Instead of paying you on the spot, they're going to transfer the money to you. + +Advance payment tags allow you to join the original expense and any deposits. So if you paid 150,- in advance and get 120,- back from your friends, Firefly III will only show you a 30,- expense. Neat huh? + +### Balancing money + +Sometimes I use money from my savings account for special expenses. For example, I bought fancy headset. I paid for it like I usually do. 100,- from my checking account. However, I simultaneously transfer 100,- from my savings account. This effectively "nulls" the transaction. It hasn't "cost" me anything, except the money from my savings account. + +Using "balancing act" tags I can nullify such transactions so they won't mess up my budgets. ## Piggy banks @@ -109,17 +118,4 @@ Rent. Comes back every month. Create a bill and Firefly will not only match new ## Reports -Speaks for itself. - -### Budget reports - -This is a though one. Let's say you budget 1000,- every month. But one month (after saving up money using the "piggy banks" feature of course!) you decide to buy a 500,- couch. You pay this from your checking account using money you've saved up in your savings account. - -If you give this transfer a one-time budget you're doing it wrong. Instead, you _don't_ give it a budget but rather give it a category. Once you've bought the couch you create two transactions: - -1. A transfer from your savings account to your checking account. -2. A withdrawal (at the store) for the couch. - -This also works for your credit card, should you use it. There's a page on credit cards here (TODO). - -If you relate these two transfers as being "special" most reports will exclude this expense as being "over budget". \ No newline at end of file +Speaks for itself. \ No newline at end of file