When you receive a refund, you generally don’t want the transaction to count as part of your spending or income. There are two ways to handle this:
1. Matching the category of the original purchase
Find the refund transaction.
Confirm that the refund is categorized in the same category as the original purchase if not then change the category.
Edit the date on the refund transaction to match the date of the original transaction, particularly if the original transaction occurred in a previous month.
Select the refund transaction and tap on the edit icon to change the date.
You can also add a note on the refund transaction.
Bilance will automatically net these transactions, resulting in a €0 impact on your analytics and budget tracking.
2. Using the "Exclude" category
Alternatively, you can assign the refund to the "Exclude" category, which removes it from your analytics and reporting. This is helpful if you want to ensure the refund and the initial expense do not distort your financial overview.
👉 Note: If you exclude the refund, you may also want to exclude the original outgoing expense for an accurate picture. Learn how to use the Exclude category here.
Choose the method that best fits how you want to track your refunds!