"Cash" account

I would like to gain greater insight into my cash spending.

Currently, if I draw R2000 now and only spend it next month, the spending is allocated to this month instead of last month. What it should do, is any ATM transaction should be allocated automatically to the "Cash" account, and marked as "Transfer", so that it doesn't affect your spending.

You are then able to manually create transactions in the "Cash" account to accurately reflect your spending. You should be able to add both incomes and expenses to "Cash". To prevent too much confusion and ability to break things, you should ONLY be allowed to create and delete transactions in "Cash".

This would give a greater insight into our total financial habits, rather than the current method which only gives insight to what happens to my bank account - but cash is a significant portion of our financial lives.

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Comments

23 comments
  • Hi Neil,

    Thanks so much for yet another awesome idea! I think that would be a great feature to have! With our system using online banking platforms to gather the relevant data, we've always been rather limited when it comes to cash.

    This feature would be a great idea for us to explore! I've already passed it on to our product team!

    Thanks again, and as always, please do keep the ideas flowing :)

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  • Hello, I agree that it would help to be able to record cash payments - e.g. if I pay for a group expense and then some people repay me in cash, I'd like to be able to record that I have been paid back.  Is that feature available yet (9 months later)?

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  • Hi Victoria,

    Thanks so much for getting in touch. Unfortunately, you still aren't able to manually track cash payments/repayments. Our system is still currently designed solely for data-aggregation.

    However, the best way to handle the situation, in your example, would be to split the group expense transaction. As people pay you back in cash, you can then click on that original transaction, then split the portion that was paid back to you and set it as Transfer. 

    As an additional workaround, you can then create a manual account, to reflect the money you received back. However, you aren't able to create transactions for this manually created account, but this way you can have your Net value reflect accurately.

    I understand that this isn't the best solution, but it's the best workaround at present.

    I'll be sure to pass your feedback on to our Product Team.

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  • Hi there

     

    Any update on the ability to enter transactions manually?

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  • Hi Lara,

    Thanks so much for getting in touch. Unfortunately, there are no updates on this functionality. However, nothing is impossible and we may be able to work something out in the future. We're constantly evolving based on customer suggestions and feedback.

    Thanks again.

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  • Does not look like this is ever going to happen. 

    We also have to do a lot of cash transactions.

     

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  • Hi Rudi,

    We're always looking at adding the features our customers are looking for, and we've given cash transactions quite a bit of time in the last few months, but unfortunately this is not a priority at this stage.

    Saying this, it remains on the backlog as a feature we need to bring into 22seven at some stage.

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  • I assume that this feature is unlikely to get prioritised? Pity, being able to track a cash expenditure would make this product usable.

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  • Hi Allen,

    This is actually something we're quite keen on implementing in some form. We're currently in the process of reworking various sections of the app, having started on the Budget and Settings tabs. Conceptualisation of this feature would most likely be done when we take a look at Accounts and how we can go about improving that section of the app.

    Since this has been one of our most requested features over the years, we'll be sure to make a lot of noise about it when we tackle it!

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  • Large +1 for this please. There is so much scope for this app to be a one-stop finance managing app, but the lack of a cash/manual entry feature hobbles it. I understand that this is not straightforward, but let the hubbub on this subject on these fora be an indication of how much this would be appreciated. I currently use Expensify for most of my financial management, but it is 100% manual and hence also limited. 

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  • Hi Sam,

    We're super keen! This functionality definitely features more prominently on our product implementation radar. Will be singing from the mountain tops when we have this in app :-)

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  • And here we are, 3 years later, still unable to log our cash transactions... Really curious why you can add a manual account, only to not be able to use it? I also get the marketing ploy of keeping customers happy, but just telling them what they want to hear when clearly this feature isn't something you're going to incorporate is underhanded...

    What a disappointment.

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  • Hi Michael,

    We apologise for the delay but this is definitely something we are wanting to do in future. Cash transacting is on our Road Map.

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  • I'd also love to see the ability to manually enter cash transactions... I often receive rent in cash from my tenants, and use that to pay my domestic worker, buy groceries, etc... Sometimes as much as R7000 of my income stays in cash form, and that really impacts on what my budgets look like.

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  • Hi Caroline,

    Thanks for adding your thoughts! We don't have an ETA on cash transactions just yet, but they definitely have a place in 22seven in the not too distant future :)

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  • Good morning 22seven

    Has the cash transaction function been added yet?  

    I looked but can't find - I may have missed it though?

     

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  • Hi Mariaan, it has!! When in your accounts screen, click on the green + in the bottom right corner. Choose "Add manual account" and take it from there. Once you've created the account, you can add transactions to it manually. 

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  • Thanks for the response Caroline :)

    Can I also add cash transactions to existing accounts already linked to 22seven?

    For e.g: My one bank account I use for all my household expenses and I would like to add grocery shops paid for with cash to the account to keep track of my budget. 

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  • Also, my + button doesn't say "add manual account" ... it only has "Link an account", "Set and track your goals" and "Add something you have or owe" as options? 

     

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  • Hi Mariaan,

    Thanks for reaching out :)

    This functionality is currently available on our Android app. We'll be rolling it out to Web and iOS in future. You aren't able to add manual transactions to regular linked accounts - as those will remain exact reflections of your bank statement. You're only able to add manual transactions to manual accounts.

    I hope this helps! Shout if you have any other questions.

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  • It sounds like you're working from your desktop, not the phone app, right? Then it's the last option - "Add something you have or owe". 

     

    I don't think you can add cash transactions to Linked accounts, but what I do is if I drew cash from my account and then spent that cash, I go afterwards to the ATM withdrawal transaction, and split it and recategorize as I spend the cash. So eventually I don't have any transactions left that are categorized as "ATM & Cash". Does that make sense?

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  • Thanks Caroline! That's a great idea :)

    I'm taking back control of my money and I want every cent to be documented correctly and all the information to be in one place. 

    Otherwise, I end up with spreadsheets and other budgeting apps and folders and no idea where my money goes!

    Have a great day further!

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  • Awesome! 👏👏 Well you're definitely using the right app for the job. 22seven has helped me get my budget in order, to the point where I'm now in the process of buying my first house and am not at all stressed about it because I know exactly what's going on with all of my money. Best of luck!! And have a great day, too. 😊

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