I believe I've invested a significant amount of time refining my money tracking system, and it's yielding positive results.
Many business owners may underestimate the value of having a proper system and process, but once they adopt it, they can't live without it. Here's how I transformed my previous blog post into a functional system:
Export .csv files from ANZ/ASB Online banking.
- Import the .csv and load as transaction
- Once loaded, I can see all transactions made and I can view by monthly.
- Next I need to map transaction to a category. For example, set Countdown as Groceries
- Well, I can’t just map everything. The only transactions that are important for me are the mostly repeating ones.
- Once finished, I can view all categories
- I can view each category’s transactions
- The next month I uploaded a new .csv export, it will automatically map those transactions with a correct category
