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Updated full description (markdown)

James Cole 2015-06-29 09:50:51 +02:00
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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".
Speaks for itself.