Link transactions (refund, reimbursement)
I want to link refund or reimbursement transactions, so my insights are more accurate. If I get repaid by a person or merchant for a transaction that I had initially paid for, this should (partially) cancel out the original spending.
- Getting reimbursed by friends/family (e.g. restaurant, shopping for someone else)
- Getting a refund from a company (e.g. Zalando return, Coolblue)
- Getting a cashback on a pruchase (e.g. at a store, Cake cashbacks)
- Having a temporary charge on a card (e.g. Just-Eat, hotels, flights)
A €100 purchase with a €50 refund would be cancelled out to a €50 spending in insights. The category, merchant, place should be the same for the linked transactions.
Linde Boullart commented
Make it possible to get a repayment so your balance evens out. For example: you pay the Bill in a restaurant, but the people who are with you pay you back. It should be able to register the payment as repayment for a specific spending. Now it looks like I spend 200 euros in a restaurant, but actually I only spent 30...
Aurelien Larue commented
As I would like informations that reflect my personal spendings and income, the spending for other people should be excluded.
It would make sense for me to be able to link several reimbursements and see them under a spending that I made for a few friends instead of seeing them as a spending and then as a grown income. However it would also allow cake to analyze my data more efficiently by having more insights on my transactions. At the moment the representation of cake does a bad job at taking account such a reimbursement as what it does it overestimate my spendings and revenue sections. As pointed out by a previous comment, a reimbursement should be considered as a cancellation of part of my spendings and not as a growth in revenue.
Whenever I pay the bill in a bar/restaurant my friends pay me back separately. It would be nice to assign that payment to the bill of the restaurant so that cake can easily identify the amount I paid myself for the restaurant.
AdminBenoit Billington (Admin, Cake) commented
This is indeed a very interesting insight as you can have multiple views on it.
You'd want to see
- the total spent in that category
- What was reimbursed in this category
- the net spending
Today you can categorise the reimbursement transaction using the same category as your spending transaction which will then reflect the net spending in the category insight
In the future we will provide more/clearer insights in order to have different views and to address different questions on your finance.
Note: When viewing only your spending it's always going to be the total spent excluding reimbursements
I regularly do some shopping for family members and they pay me back. The current 'spending' tab doesn't seem to add this income to reach a 'net spending'. For example: i loaned 20 EUR to a friend and he paid me back 2 days later, the spending tab still says - 20 instead of 0.
You share a ride and want to split the gas costs. When you get paid back by colleagues/family, you want to link this to the original gas cost
Roel De Meester commented
Other use case :
We hace a bankaccount with a credit& debit card that is used by all family members to do all the groceries. Often this credit card is used also for online purchases after which the money is refunded with a bank transfer.
In reality this a zero sum transaction, but in Cake both txs are taken into account as spending and income.
When I get a refund from my health insurance fund, I want to be able to connect it to the related health expenses. Same when someone refunds me for something I paid for both of us. That makes it easier to see what my real expenses are for every category.
It would be interesting if you could connect refunds by other persons to expenses you made. For example: you pay for your group at a restaurant, and in the next couple of days people wire you money to pay you back. Cake still shows you spend quite a lot of money on food and drinks, while this isn't actually the case. Of you could connect those refunds by friends to an existing payment, the graphs could be adjusted to show what you actually payed on food and drinks for yourself
Sasha Kertling commented
I would like refunds to be connected to their corresponding transactions; for example my partner buys me a set of shoes, but I have to return them because they are too small. This connection, between a spending transaction and a refund, would enable spending insights to exclude these transactions.
If Cake can't do this automatically (based on the data in the transaction), I should be able to manually connect a refund to a transaction.
I would like Cake to count all reimbursements as a reduction of costs, and not as income.
The current implementation can inflate both the income and the expenses of a period. The goal is to allow users to more accurate analyze both spending and income.