Have you ever gone to the store and bought fertilizer for your corn and strawberries, as well as hay for your goats? Tracking expenses with complicated receipts can be a headache. When you add a new expense with FarmRaise Tracks, you can 'Split this expense' to separate each item by Schedule F category and product.
Let's use the example above. Let's say you spent $100 at the store - you can split the bill 3 ways, each with their own 'Category' and 'Product'. First, the fertilizer for your corn could be entered with the 'Category' 'Fertilizer' and 'Product' 'Corn'. Next, the fertilizer for your strawberries can be split into 'Category' 'Fertilizer' and 'Product' 'Strawberries'. Lastly, the hay for your goats can be split into 'Category' 'Feed' and 'Product' 'Goats'.
'Split this expense' Tips and Tricks
Want to see a graph of your spending habits broken down by 'Product'? Navigate to the 'Product' tab at the bottom of the app to see a bar graph of your expenses. You can do the same in the 'Category' tab.
If you'd like a more detailed breakdown of your expenses over time, check out Reports. Navigate to the 'Profile' Tab at the bottom of the app and then select 'Reports' to generate graphs of your expenses over different time periods.
Do you have more questions about 'Split this expense'? Send us an email at [email protected]