Transaction
From MechCAD Software Wiki
Transaction in AceMoney represents any event causing change of account balance.
Every transaction in AceMoney at the very minimum must have a date, a valid type and amount.
Contents |
Date
Date when the transaction took place.
Type
AceMoney defines three different types of transactions: Withdrawal, Deposit and Transfer.
Withdrawal
Withdrawal transaction, also known as purchase, is probably the most common type of financial transaction. An item or good is exchanged for money. This transaction results in a decrease of account balance. Any credit or debit card purchase is a withdrawal transaction. Any payment coming out of account in a form of check or wire transfer is also a withdrawal.
Deposit
Deposit transaction is an opposite to withdrawal: the transaction results in an increase of account balance. Any income that you receive from the employers, financial institutions, investments or relatives is recorded in AceMoney in a form of deposit transactions.
Transfer
Transfer transaction is needed when you need to move funds from one accounts to another. Transfers don't change total amount of money, but decrease balance on the source account and increase balance on the target account. A good example of transfer transaction would be credit card payment when both checking and credit card accounts are present in AceMoney and the payment is recorded as a transfer from checking to credit card account.
Transfer transactions can have valid category but can't have payee.
Number
Usually this field contains check number for checking accounts, however it may contain any other text relevant to transaction.
Payee
Payee or payer represents an entity that took your money or gave you the money. Read more about payees and payers.
Category
Category represents types of spending or income that you get/spend on a regular basis. For instance all grocery store purchases can be categorized as "Food:Groceries". Read more about categories.
Comment
Custom transaction comment provided by the user.
