What is Coding?

Coding is when you categorise your transactions into groups using your Code List . This will help you better understand where your money comes from and goes to.

Business Cash Plan will take the transactions from your ASB accounts and give you the option to code these transactions into groups. These can be grouped into any of our Main Categories – Income, Expense, Other or Fixed.

You will also be able to code to sub-categories that will describe your transactions in more detail.

Features of Coding

• Main categories that we provide so you know which main group to put your transaction into
• Sub categories that you can add, amend, hide and delete when you need
• Find codes quickly and easily by entering the name of a category or code. Business Cash Plan can pick up all category names that are similar
• You can set a coding rule for a particular transaction description so that Business Cash Plan automatically pre-codes the next time that transaction appears again
• You can see which transactions have been Pre-coded, Coded or Un-coded.
• You can write a note next to any of your transactions.
• You can ‘sort’ a transaction by Date, Transaction Description, Credit ($-In) and debit ($-Out).

Benefits of Coding

• Easily classify your transactions into Income, Expenses, Other or Fixed categories
• Flexibility to manage to your codes to suit your needs
• Simple steps to code to give you basic information which may help you with your cash flow management
• Save time coding with the ‘Pre-coding’ function
• Remember any details for a particular transaction by leaving a note reminder.

What is Splitting?

Splitting a transaction allows you to divide a transaction amount into multiple categories and codes. So if you have one transaction for $500 at ABC Mechanics you can split this into:

This will break one transaction into multiple parts so you can code them separately to give you a better idea of the amounts of a transaction.

Features of Splitting:

Once you’ve coded a transaction from your Profile, you can

• Split the transaction it as many times as you need
• Give your ‘splits’ a new description name and code
• Add a note to the individual splits
• You can set a ‘Split Transaction Rule’ rule for a particular transaction description so that Business Cash Plan automatically ‘splits’ the next time that transaction appears again.

Benefits of Splitting

• Helps give you a better idea of how a transaction may be divided if there is more than one code it should be grouped into
• Remember any details for a particular transaction by leaving a note reminder
• Save time by using the ‘Split Transaction Rule’ so that future transactions are automatically split using the Business Cash Plan calculation.