Exclude transactions from income/spending/savings
I want to hide an incorrect transaction from my insights, because it shows wrong information.
Although we don't want to exclude transactions, we are working on different ways to 'correct' certain transactions. Some of the other features in development:
- Linking transactions (e.g. refunds, reimbursements)
- Mark as transfer (adding IBAN or categorising as savings)
- Viewing insights with the option to temporarily hide categories (e.g. home)
- Control the time period for the average calculation (e.g. last 6 months)
At this time, we are not going to allow users to exclude transactions from either income, spending or savings calculations.
This feature is too powerful. In case of mistakes it would be very hard to troubleshoot issues.
In a first iteration, we will implement a feature to correct transaction: https://feedback.cake.app/forums/924664-open-roadmap-cake/suggestions/41940874-correct-a-transfer-transaction
We will revisit this idea in a later phase.
I would love this feature as well... we're building a house at the moment, with large payments during some months. Imagine how much this messes up my insights and cashflow ;-)
Another month I actually gained a large sum via successful investments, I wouldn't want to see that in between my regular income pattern.
Sometimes we go out for dinner with a group of friends, where I pick up the bill for the table and my friends refund me (cash, payconic, paypal,...) - I wouldn't want that restaurant spending to be in between my restaurant insight reports or cashflow.
Bram Vangestel commented
App is lacking without this feature.
I have an account that is used both for business and personal, plenty of occasions when i would need to exclude or ignore transactions.
how difficult is it to create an extra category "ignore"
I recieve cash money during my job. I transfer the money to my boss because that's fast and easy.
Ofcourse Cake thinks this is me spending money...
The feature can simply catalog the transactions so that any mistake can be corrected.
Ik heb een aantal grotere transacties gedaan die mijn uitgaven en inkomsten een heel vertekend beeld geven. Het gaat over bank transfers, leningen etc. Ik zou dus moeten bepaalde inkomensten en uitgaven kunnen laten beschouwen als uitzonderlijk, sommige als niet relevant anderen als investering. Die tx mogen niet zomaar in mijn overzicht van inkomsten/uitgaven zitten. Nu is mijn maand overzicht om zeep, en zijn mijn gemiddelde ook onbruikbaar.
I buy a lot of things for other people with my bank accounts that are linked to cake. This results in a high spending graph which doesn't make any sense since I eventually get the money back from the people I bought that stuff for.
It would be very helpful if you can exclude this from the spending calculation by adding a specific category for this kind of spendings
Claude Couvreur commented
Allow to hide a certain transaction, which excludes it from all statistics. This could solve a number of outlier issues. (A one-time purchase like a house skewing the average results or in my specific case: money transfer from my Hello Bank to my Revolut account is added to my “income” because Revolut doesn’t include my hello bank IBAN in their PSD2 API).
I support this idea. I am currently building a house, so I have huge exceptional costs. I installed the Cake app to have insights in the average amount of regular spendings per month in other categories, but for now, the Cake app can't help me with this. If I would want to know, I would have to take a calculator and add up the costs in each category. The possibility of excluding or uncheck the building costs category in the monthly overview would solve this.
Massimo Freschini commented
Maybe it could be possible renaming a payement in a 'parked on a external or a hidden account', 'parked on a cryptocurrency account', 'parked on a home-investment account', ... where Cake considers it as an outgoing payment, but keeps that amount somewhere visible in your savings-overview (in another color ?). It does note interfere with Cake and Cake does not interfere in that amount. It becomes a reminder (that you could, and only if you self feel the need to) can manually adjust. Maybe this could be a temporarly solution?
Just ask if my English or question are not clear enough !
Massimo Freschini commented
Kan ik een onderdeel in 'uitgaven' manueel wijzigen in 'overdracht', want uiteindelijk werd die uitgaande storting omgezet in bitcoins, en daarna terug overgemaakt in mijn bitcoin-portefeuille (die niet gelinkt kan worden). En oké, ik weet dat verrichtingen op die laatste portefeuille dan niet in rekening kunnen worden genomen... Tja, misschien hebben jullie een idee of blijft wat te maken heeftmet crypto-rekeningen in de koelkast. No prob ! ;-)
Sorry that I had to formulate my question in Dutch. Thank for your time (I saw on your website that time is rare).
Het zou mogelijk moeten zijn om uitzonderlijke in of uitgaven niet mee te tellen in gemiddelden. Bv, een woning aankopen
Dirk Thienpont commented
Ik heb op Cake enkel mijn zichtrekeningen gekoppeld omdat alleen vandaaruit verrichtingen naar buiten gaan. Daarnaast heb ik verschillende spaarrekeningen soms voor specifieke budgetten. het zou gemakkelijk zijn als 'overdracht' een categorie zou zijn die we kunnen aanvinken. Nu wordt dit enkel gebruikt als een overschrijving gebeurt tussen 2 gekoppelde rekeningen. Alle spaarrekeningen koppelen vind ik een onnodige belasting
Jacco Rustenburg commented
This makes so much sense, maybe even give each transaction an extra dimension for it being joint or personal.
So lets say i pay for some takeaway food for me and my wife, but from my own bankaccount, that i can flag it a joint expense. Or if i buy something personal with the joint account i can flag it personal
Zoë-Man Deketele commented
Maybe not as "transfer" but just and exclude check button so it doesn't count as income or spending.
Let's say: I have a joint account with my partner, which is linked in the Cake-app. We both add, per month, 500 euros on there as a contribution.
Currently, the 500 euros per month that my partner adds, is seen as "income". But, I think that we can all agree that it can't be categorized that way.
Would it be possible to categorize this transaction in such a way that it is not seen as such, and doesn't influence your total monthly income? Either by adding a joint account-option, or by creating a new category.
AdminPeter (Head of Product, Cake) commented
I would like to be able to exclude individual transactions from the income, spending or saving calculations.
Jonathan Haasl commented
Some (big) spending categories are not that interesting to see each day (the loan repayment is a huge chunk of course, but not really interesting. I would like to be able to have some flexibility In What I see and secondly in how I group > eg for me I would categorise restaurants and bars under leisure rather than food.
Henry Bcq commented
Same issue here!
I would like to exclude a transaction (or several) from the spending, income or savings calculations .
For example; if you buy a house, this is obviously an exceptional "spending" that would distort the regular insights.
Tom Van Oppens commented
Top ups can come from a credit card
This way they show as income and expenses, but in reality it's more a transfer, so it would be nice if you can assign a topup to a specific credit card cost (that comes from a different account) so that it doesn't inflate the cashflow