Transactions in finance

A transaction is a very simple thing. Money moves from one account into another. It does not matter if it is an expense, income or moving money around your own accounts.

A transaction in Pledger.io is stored as a single move of money with at least two accounts involved. So a deposit of your salary would look something similar to this:

Where the three blocks representing 'withdrawal', 'deposit' and 'transaction' are one single transaction moving money from the boss his account into your account.

Sometimes a transaction is not as simple as a single move of money. For example, you might buy groceries and a magazine at the same time. In this case, you would want to split the transaction into two parts.

In Pledger.io, you can split a transaction into multiple parts. The split is done on the receiving side of the transaction. So in the example of buying groceries and a magazine, you would split the transaction into two parts. One part for the groceries and one part for the magazine.

The transaction would look something like this: