How do I consolidate input for a transaction involving multiple income, expenses, and account transfers?

Most transactions often involve various transfers between multiple sources of income, expenses, or accounts. For example, during salary disbursement, the salary base is combined with bonus income, deductions for labor insurance, health insurance fees, and transfer fees. Additionally, if there are repayments for advances, the final balance is credited to the salary account. Even a simple ATM payment involves not only the payment but also a fifteen-dollar transfer fee.

If you enter these income, expenses, and account transfers separately, it would take a lot of time to identify all related items, and reconciling the amounts would be challenging. For instance, with salary, labor insurance, and health insurance fees are adjusted based on the salary. If the company adjusts salaries this month, you would need to individually identify and adjust the corresponding amounts for labor insurance and health insurance fees, consuming a significant amount of time.

Vision Money provides a Transaction Split feature where one transaction can include multiple types of income, expenses, and account transfers. If any item needs modification, simply click on the record, and you can simultaneously adjust and reconcile the amounts for each item.

The input method for processing Transaction Split in Vision Money is as follows:

  • Choose Transaction->Click+ to add a Transaction, Choose Split
  • Select the account for the transfer in; this account is the one where income is deducted for expenses, and the final balance is transferred. For example, with items like a salary of 50,000, Health fee of 1,000, Disability insurance fee of 1,500, and repayment of company advances of 500, resulting in a final balance of 48,000, the transfer is made to the salary deposit account. Positive values are used for increasing income and transfers, negative values for reducing expenses, and positive values for transfers in and negative values for transfers out.