Today I’m happy to introduce transaction splits! Splits are an easy way to put a transaction into multiple categories.
After you add a transaction, you can add a split to the transaction. Iron Money will ask you for an amount, category, and (optionally) a description for the split. The splits will then show up on the transaction’s page, along with the rest of the transaction’s information.
There are many different uses for splits. The main use for splits is to be able to break your spending up into multiple categories, which makes for more accurate reporting. Another use for splits is for getting cash back from a merchant; for example, if you make some purchases at Target but also get $20 back in cash, you can put that $20 into the Transfer category.
Sign up for Iron Money today and let me know if you have any feedback!
