FAQ
Budgets
What type of data can I monitor with a budget?
You are able to monitor expenses by specific Payees, Categories, and Tags.
When I create a new Payee, is it automatically added to all the budgets?
If a budget was created with all the Payees selected, then the new payee will be added to the budget. If you created a budget to monitor a specific Payee, then the new Payee will not be added to that budget. seventytwo is smart like that.
When I create a new Tag, is it automatically added to all the budgets?
This can be a little confusing so let me explain. When creating a budget, no tags are selected by default. What this means is, all transactions that are tagged or not tagged, will be monitored by the budget. If a user decides to create a budget and monitor specific tags, then only transactions with those tags will be monitored by the budget. So, to answer this question, newly created Tags will not automatically be added to current budgets.
When I create a new Category (either Parent or Subcategory), is it automatically added to all the budgets?
You can add the new category to specific budgets upon creating the category.
Account
How can I edit an Account?
On the Account you would like to edit, tap the icon that looks like an “i” with a circle and chose the “Edit Account” option.
How can I reorder the Accounts on the Accounts tab?
Press and hold on the desired account then move the account to the desired location.
Can I select my own color for new Accounts?
Heck yes you can. You can do this when you create a new account or you can edit an existing account.
What happens to the transactions when I delete an Account?
All transactions associated will be permanently deleted. All current budgets monitoring this account will be updated. If you don’t want all the transactions to be deleted and don’t want to see the account in the account list, use the Archive Account feature.
If I close my credit card, what should I do with the account in seventytwo?
Well, I have good news for you. You can archive the account so it will no longer be visible in the account list. The transactions will remain. You can see all the archived accounts by tapping the three dots in the upper right hand corner, then click Show Archived Accounts.
How can I view my Archived Accounts?
Go to the Accounts tab, click on the three dots in the upper right corner, and select the “Show Archived Accounts”.
What’s the percentage figure represent on the Account card? Why does it show for some accounts and not others?
The percentage figure is for credit card accounts and shows how much you have spent of your max limit. For example, if you have a credit card with a $1,000 limit and have $500 in expense, the figure would report 50%. This figure is automatically hidden for non-credit accounts.
Transactions
Does seventytwo support split transactions?
Of course! When entering a transaction, click the arrow under “Categories” and select the categories you need.
How should I record a credit card payment?
If both of the accounts haven’t already been created in seventytwo, create them. Then hit the large plus button to enter a transaction. Select the Transfer option right under the amount area and select the From account (typically your bank account) and select a To account (the credit card you are making a payment to) and click the green Add button at the bottom to enter the transfer. This will deduct money from the From account and add funds to the To account.
How can I delete a transaction?
Swipe right to left on the transaction you want to delete.
How can I edit a transaction?
Swipe left to right on the transaction you want to edit.
If I delete a transfer, will the “other” transfer also be deleted?
Yes, both transfers will be deleted. This is necessary to keep your balances even.
Is there a quick way to see how much I’ve spent today?
Yes. Go to the Accounts tab and tap the icon that looks like an eye at the top right of the screen. Once on the transaction screen, you should see the “today’s expenses” amount.
What happens to the transactions that had their category deleted?
Whether it’s an income category or an expense category, all the transactions associated with the deleted category will be reassigned to the “Uncategorized Transactions” category.
Can I add attachments to transactions?
It’s tough to admit, but no, not at this time. This feature is high on the priority list and will be added as soon as possible.
Dashboard
What does “Total Credit Card Balance % to Max” mean?
This percentage is the total amount spent using your credit card accounts divided by the SUM of all your credit card max limits. Credit score companies typically suggest to keep this under 30% to have the highest Credit Score possible.
What does “Total Credit Card Limit” mean?
This is all your credit card max limits added together.
How is Net Worth calculated?
Maybe it’s just easier to explain in a formula style:
Sum of beginning balances plus
Sum of all income minus
Sum of all expenses minus
Transactions specifically excluded from net worth
Payees
What happens when I delete a Payee?
For the transactions associated with the Payee deleted, the transactions will remain but will not have a payee assigned to them. You can of course edit those transactions and assign a new Payee.
Categories
Can I create my own categories?
Yep! You can also create subcategories. Not only can you create your own categories, you can also create your own icons to go with the categories as well.
Can I create subcategories?
Yep, you sure can.
Can I convert an existing Parent Category to a Subcategory of another parent? If so, will this reflect everywhere in the app including budgets? Can I also convert an existing Subcategory to be its own Parent Category?
Yes you can. All transactions and budgets will be updated accordingly.
If I delete a category, what happens to the transactions?
The transactions will not be deleted. If a category (parent or subcategory) is deleted, all the transactions that were assigned will be reassigned to the “Uncategorized Transactions” category. This category cannot be deleted or renamed. If you want to reassign these transactions, go to the Accounts tab, click on the all transactions icon (looks like an eye), and search for “Uncategorized Transactions”. This should show you all the transactions that are assigned to the Uncategorized Transactions category. Edit these transactions and change the category to the desired parent or subcategory.
Tags
Why should I use Tags?
A perfect situation to apply a tag(s) to a transaction is when on vacation. This way you can create a budget to keep track how much you are spending while on the beach. A few other situations where tags work well are business expenses, tax deductible, and Apple Pay.
General
Is seventytwo one of those subscription based services?
No. Just purchase for a one time fee and enjoy.
Can I export my data?
Unfortunately, not at this time. This feature is on the road map.
Why are there no graphs?
seventytwo plans to add some useful graphs in the near future.
Can I add attachments to transactions?
It’s tough to admit, but no, not at this time. This feature is high on the priority list and will be added as soon as possible.
Is seventytwo available on Android?
No, not at this time. If there becomes high demand for one, seventytwo will explore that option.
Where are the reports?
Custom financial reports will be coming in the near future. In the meantime, you can create a budget to see how much you have spent given certain criteria for a specific time period.
How can I see how much I’ve spent for a particular Category?
Go to the More tab, click Categories, then select the desired category. From here, you will be able to see how much you’ve spent for the last month, year, and all-time.
How can I see how much I’ve spent for a particular Tag?
Go to the More tab, click Tags and click the desired Tag. From here, you will be able to see how much you’ve spent for the last month, year, and all-time.
How can I tell if my data is being synced to the servers?
Click on the More tab and locate the cloud icon with the check just below the More title. This timestamp will update when there’s a detected change in the data. seventytwo is efficient and only syncs to the cloud when a change is detected. Some apps will sync every minute regardless of changes, seventytwo doesn’t perform its data sync in that manner. Why sync when there’s not a change, right?
