This page explains what information comes with a transaction. Transactions are ne of the key building blocks of the Money Dashboard App and undertanding their information will help you to get the most out of money dashboard.
What information comes with a transaction?
Transactions are debits and credits that come through the bank accounts you have linked. Within each transaction there are 4 components. These are
- Date: The date the transaction is logged in your bank account. The date of the transaction is given to us by your bank
- Description: In the description you will find Merchant tagging. This gives you a clearer view to find your transactions.
- A Tag: This is the ‘category’ you give a transaction. Tagging is an important part of the MDB experience and we will go into more detail later.
- Amount: This is the total value of the transaction