We at Expenses Manager value our users’ suggestions and feedback. This feature is for a combination of suggestions from three of our users.
Why tags?
Adding a category to a transaction doesn’t always solve the purpose.
If you want to see all your electricity bill payments for this year, or if you want to see all your transactions for your purchases on Amazon in the past month, can you do that? Till now, the answers to these questions were not possible, but this is no longer the case.
Introducing tags, one of the most value-adding features offered by our app.
What are tags?
Tags are a unique way to further categorize your transactions and to track your spending on specific items. A tag is a single word without any spaces. You can add as many tags along with a transaction as you want.
You can view transactions with a specific tag through the Custom View page. You can also get analysis of transactions with a specific tag by clicking on that tag on either month analysis or year analysis page.
Suggested use cases
Tags as sub-categories
If you want to track your expenses for a specific item or a specific type of item, but you don't want to create a separate category for them. Suppose, you want to track your expenses on milk, but you don't want to create a separate category for milk, because you also want to track your total spending on all food items. Then, tags are the way to go. You can add a milk tag in each of your transactions for milk while also categorizing it into the food category.Tags as vendors
Suppose, you buy items from an online shopping website, for instance, Amazon. These items fall under different categories (food items, personal care, entertainment, shopping, etc) and you use different payment methods while doing the payment of these items.Now, if you want to keep a track of all your purchases through Amazon, tags are the way to go. You can add a tag Amazon to each of these transactions, to track them.
Tags as accounts
Tags can be used to simulate multiple accounts functionality. Suppose, you own a business and you want to use the app to manage your business transactions as well as your personal transactions, then you can use 2 different tags, say, "business" and "personal" to track these transactions separately, while also getting a combined report and analysis for all the transactions.We believe that tags have much more use cases than described in this article. We would love to hear how you are using tags.
If you have any other questions or suggestions, then you may contact us at help@expensesmanager.in.