Managing Transactions (rename, recategorize, split)

The Transactions tab of RightCapital's Budget Analysis is where the individual transactions feeding into the client plan can be viewed and managed. If a client has granted you access to their transactions, you can rename, recategorize, and split transactions to help keep their budget analysis organized and accurate.

The budget analysis can be found within the Dashboard > Budget tab of each client plan:

Don't see any information in the Dashboard > Budget Tab?

In order to utilize the budget analysis, clients must be invited to access their Client Portal, and must use account aggregation to link at least one bank account or credit card to the plan that is feeding in transactions.

To learn more, click here.

Navigating Transactions

Using the dropdown menus at the top of the page, you can filter transactions by account, budget category, and time period. You can also search for specific transactions by name using the search bar:

Rename Transactions

Transactions can be renamed by hovering your mouse over a transaction, and clicking on the description. This can help increase clarity for transactions that feed into RightCapital with ambiguous descriptions:

Recategorize Transactions

You can change the assigned budget category for individual transactions by hovering your mouse over a transaction, and clicking on the category field. This allows you to recategorize transactions that might get automatically sorted into the wrong budget category:

In addition to recategorizing individual transactions, you can also recategorize transactions in bulk. Check the box to the left of one or more transactions, and then click the blue "Edit Category" button in the upper right-hand corner of the page. Click on the category drop-down box to choose a new category:

Pro-Tip: Smart Transaction Categorization

RightCapital's Budget Analysis remembers and learns as you recategorize transactions for clients! Once the category has been changed for a transaction, any future transaction with the same description will be automatically sorted into the new category.

Splitting Transactions

To split a transaction, hover your mouse over a transaction and click the blue arrow icon to the far right. Within the window that appears, you can specify the details of the split:

Click the + and - icons to the far right to determine how many ways a transaction will be split.
Enter the new description, category, and dollar amount for each split.
Negative numbers must be used when splitting expenses, and positive numbers must be used when splitting income.
The sum of each split must equal the original transaction amount before it can be saved.

If you ever need to undo a split transaction after clicking Save, you can always click the blue arrow icon again on one of the split transactions, and select the 'Unsplit' option to revert your changes: