Ability to change the date of transactions

HI

I would like the ability to change the date of transactions, or be able to assign a transaction to another month.

Example 1:
I buy something at the end of August, but I want to add it to September's budget.
Example 2:
My salary is paid at the beginning of the month, but sometimes I get paid at the beginning of the month as well as the end of the same month, because the month starts on a Saturday, so I have two incomes in August, but none in September.

Thanks

Ryan

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Comments

32 comments
  • Perhaps a compromise should be proposed.

    Instead of editing the transaction date.

    allow the user to select a different money month in the same way they categorize the transaction.

    The default could be for the actual month obviously.

    That way base data is not skewed, but the functional requirement is met.

     

    As for the wallet option, the ability to create a 'cash in' transaction would be helpful. again the data would clearly be user generated so  would not ruin analytics etc.

     

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  • I often make a purchase or pay a bill that I should have paid earlier or later – which causes the payment to fall in the wrong month. Correcting it should be as simple as changing the date to the date it was supposed to be paid.

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  • I agree with this. The only reason I want to be able to change the date, is on split transactions. Lets say for example I draw R2000 cash at the ATM on the 19th of the month. This cash however stays in my wallet and most of it I only use in the following month or even the month after that. I only used the cash on the date I bought something, but the transaction date on all the split transactions shows as the 19th of the month the cash was withdrawn from the ATM.

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  • Hi All.

    Firstly I'd like to re-emphasize what an amazing app 22/7 is!

    Even if this function never comes to light, the app would still be great!

    But like ever body above mentioned, simply to be able to adjust the money month would be very helpful.

    Regards
    JC

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  • I agree with the above suggestion.

    Being able to change the date of a transaction would actually make users lives easier and make the application more robust.

    For example, I want to contribute to my RA+TFSA+Savings account (three different transactions into three accounts), but for whatever reason, I am unable to do the transaction, it then seems like I did not contribute to savings for the current month. When I eventually do the transfers after the money month is over, it seems like I did double the contribution for the next month.

     

    All this could be avoided with being able to change the date of a transaction or at least having a "recorded date" and an "actual date". By using two fields, it would allow for changing of dates while still preserving the matching of dates with the data that is pulled in.

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  • Hi Ryan,

    Thanks for the suggestion. Our intention is to give you the most accurate insight into your spending behaviour. We believe the best way to do this is to give you an exact timeline of your money world. If you purchased something today, it affected your cash flow at that point and influenced your decision making. Changing the dates on transactions will work against the type of insights we'd like to show you.

    Also, we understand that people would like to see their income and expenses in the same Money Month. Can I suggest that your change your Money Month start date slightly by perhaps one day to allow for this? Let me know if this works for you?

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  • Thanks for the reply Bernd.

    I can see how this could be insightful. I've shared Ryan's suggestion and your reply and with the Product team.

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  • Is there any further feedback on this? I see it was raised 6 months ago. I had the same problem with salary payment date as Ryan had, but shifted my money month by a day and it seems to cater for it, let's see. But in terms of Berndt's issue with splitting cash withdrawn from an ATM over a few weeks of transactions - I'd really like to be able to do that! Andre, I understand that fundamentally 22seven aims to give you 'real time' data, but even of the feature of changing a date was a bit of a hidden thing, or something that needed to be enabled by those that wanted it, would that not still preserve 22seven's philosphy while giving felxibility?

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  • Hi Roy,

    Thanks so much for the follow up. We're working on some awesome functionality that will enable you to gain deep insights into your spending behaviour over longer periods. Over any period really. We're hoping this will help with the customizable Money Month start date requests :)

    As for the suggestion to move transaction dates, to be honest, this is not something that we are currently considering, but I more than get your point.

    I will definitely share your thoughts with our Product team so that they can bounce the idea around a bit. You're also more than welcome to get in touch with our head of Product Design directly. You can find contact details at https://www.22seven.com/about#leadteam

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  • Hi Andre
    A possible solution is that your team can add a "wallet" on the "Accounts" page. So as soon as there is a ATM/Cash transaction, the amount move to the wallet. The user must then account on how the cash is spend by the "split" function that is already there, but there must also be a date selection made possible only for cash transactions out of the "wallet".
    Also put a function to the wallet for where user can input cash received from someone and then want to account for how he spend it.

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  • Hi Abre,

    Thanks for that great suggestion. There is clearly a need for this kind of functionality, so I'll be sure to share your suggestion with the team :)

    As always, we love hearing your suggestions.

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  • Any feedback on this?

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  • Hi Berndt,

    Unfortunately we have not yet had movement on this topic, although we very recently had an extensive chat around this.

    There is quite a lot of complexity and the ability to change dates might cause more trouble than good (duplicated transactions and the like).

    We still feel this needs to be solved at some stage.

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  • I still maintain that you could include the functionality, but make it difficult to access (put it in a 'Power Users' menu or something, and force people to acknowledge a message that "this action could detract from your 22seven experience"), and in this way still preserve your philosophy for the 95% of users that are happy with it as it is, but provide a means to take management of transactions to that extra level for the 5% who care enough to find out how to do it.

    But I fear I may have just answered my own question - it only really makes sense for you to cater to what 95% of your users want, rather than 5%....

    Anyway, could you also give feedback on the Wallet idea?

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  • Hi Roy,

    Thanks for the reply. You're absolutely right. We truly believe money management should be easy and seamless. If it starts feeling like homework, most people simply stop doing it.

    That said, we'd also like to provide more customisation for power users. For those that don't mind the 'homework' ;-)

    As for your Wallet idea - I can definitely see how that could be very useful. We're working on some features that I think will go a long way towards offering the functionality that you and Bernd is looking for.

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  • Actually the wallet was my idea. And I suggested it two years ago but nothing happened since to account for cash received. So this 22seven is essentially useless if you cannot account for cash received. Here is an example: My grandma gives me R2000 for Christmas in cash, I choose to fill up with petrol using the cash instead of swiping my card. Guess what, at the end of the month it will look like I "saved" that amount on fuel. Now the averages, forecasts and everything becomes skewed.

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  • This is also something I have asked for numerous times before and with a similar answer. For example, paying my April rent at the end of March because of landlord requirements, does not mean that rent paid is for March, it is for April. I should be able to pay on the yyyy-03-25, and change the date to yyyy-04-01. This is one example and I can think of many more where the transaction date is different from the bank date. 

    Having this ability will not take away from data integrity. 

    If you do not want us to have the ability to change the date, bring in another date (AssignDate) where the user can assign the transaction to another time period without loosing the integrate to the original statement date. 

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  • Hi Hermann,

    Thanks again for your feedback. It's super greatly appreciated! Please know that these suggestions do not fall on deaf ears. There is clearly a need for this functionality and it's an ongoing discussing internally here at the office.

    Something definitely needs to be done to address the changing of dates on certain transactions. I also feel very strongly on this subject and will make sure your voice is heard!

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  • Hiya Lyle,

    Thanks for your thoughts on this. I will make sure that this feedback is passed on to our product team.

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  • I would like to add a +1 to Lyle's suggestion; I think it's great. I don't really care much for the actual date that is registered against the transaction, only that it applies to another money month. For the bulk of my transactions, having my money month start on the first works perfectly, and generally makes budgeting more intuitive. On odd occasions I would delay into doing some of my inter-account transfers/rent payment until the 1st instead of the last days of the previous month. These transactions of course show up in the month following where I intended for them to be budgeted under. It would be great to just set their effective money month to correct the occasional mismatch. Thanks for an amazing service btw!

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  • Hi Antonie,

    As mentioned in the thread before, I will make sure to share the feedback with the team. Our priority list is growing and I truly hope that we'll have this functionality added at some stage.

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  • Do you guys have any suggestions for the following problem: 

    I make the payment on the 23rd of 24th of a month, but the transaction date is only later in the month (example the 28th). So then the payment will fall in the next month spending, but it is actually last month transaction. I actually stopped using 22seven for this reason, because is it a lot of admin to track the transactions - it looks like I am overspending. 

     

    Also, it would have been great to set you starting date every month. As I get my salary on different dates (between the 24th to 30th) so now the one month it shows my income is significantly higher - it is because it shows 2 months worth of income in one month. 

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  • Thanks for the question Anelise.

    Unfortunately, there isn't a great solution for your scenario right now. As you've mentioned, sometimes EFT transactions are only processed a few days after you've actually initiated the transaction, and then show up at 22seven at the date it was processed. We're somewhat bound by the actual dates on transactions that appear on your banking profile.

    I'm sorry that we don't have a solution for you, but hopefully, your scenario doesn't happen all too often.

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  • Hi JC,

    Thanks for your feedback regarding the ability to adjust your Budget start date.

    We are looking at this again, but we do not have a timeline at all. We do believe that we'll be able to work this into the system at some stage though.

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  • Hi Dylan,

    This is valuable feedback - thank you. I suppose this would be similar to how we handle transaction descriptions in the service already.

    Again, we are looking at evolving the service in a way that would allow such changes to transactions, but we don't have any ETAs as yet.

    I'll pass this on to the product team though - every bit of feedback we can get is helpful to us.


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  • Any new feedback on the progress of these features?

    I am also sitting with the situation where some accounts are paid on the last business day of the month for services relating to the next month, others again are paid early in the next month but are for services relating to the previous month. This skews my budget as I can not place these transactions in the month to which the charges actually relate. Being able to change the date/month into which a transaction is budgeted is crucial to me.

    The wallet feature would also be very helpful. 22seven can already offer a very comprehensive overview of my financial situation with the numerous accounts that can be added and not being able to track cash detracts from this. This makes double work and means I still sometimes have a rely on other means of tracking my money.

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  • Hi Tian,

     

    Thanks for getting in touch. 

    Unfortunately, we haven't looked into creating a feature that will enable you to budget in advance. However, we are looking at adding these features at some stage.

    Thanks for the feedback I will pass it on to our Product Design team.

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  • Hi 

    Im not looking to budget in advance, simply to change the date on an existing transaction (as previous commenters have explained).

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  • Tian don't bother. They don't intend to implement any of the suggestions of the past few years to make it useful, they only want to mine your personal data. Rather look at something like Wave Accounting app.

     

     

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  • Hi Abre,

    We're sorry to hear you feel that way. However, all customers suggestions that we consider viable are added to our backlog and are prioritised according to where they fit within our current roadmap. We've made a great number of improvements and changes based on customer feedback over the years, and certainly intend to do this even more in future. To that end, we've launched our Test Pilot Community, which will allow interested customers to share their feedback on features we're still working on before they're launched.

    While it may seem that we're ignoring requests for the ability to change the dates of transactions, I can assure you that isn't the case. We've had many discussions on this topic and will revisit it in a broader discussion in light of greater improvements we're planning for the app in future. We need to stress that this change may seem small, but it would have very significant effects on the structure of 22seven as a whole, so this isn't something we can implement on a whim. The app was designed to mirror bank statements exactly, because those are a true reflection of the movement of money in and out of one's accounts, so any deviation from this ethos requires careful consideration - not only in terms of our vision for the app, but from a design and programming perspective.

    Finally, regarding your personal data: we have a strong, customer-centric Privacy Policy that you're welcome to have a read over. Your personal information isn't sold or shared with any third parties - not even Old Mutual themselves. We use anonymised customer data to deliver the likes of Nudges that compare your spend to the average 22seven customer, for example, but we don't mine personal data and share this with other companies for our own gain.

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