Track Every Coin now displays “Net Savings” of an account.

What is Net Savings? 

Net Savings is the unspent money from every month in the your account. It should ideally reflect your bank balance if all the card and cash expenses are captured.

Why is my Net Savings showing a negative value despite having entered my Income?

Original – Why is my Net Savings negative when my Income is not? 

Since net savings is the sum of all the savings over months, if you have spent more than your income in most of the previous months, then net savings will be negative.

Firstly, we allow users to add expenses without adding any income which can cause “Net Savings” to go negative.

Secondly, the negative savings can also reflect your credit expenses.

What is the best way to use Net Savings? 

Check your bank account and make sure your net savings is on par with your bank balance. This will be a one time effort and if you continue to track all your income types (salary, bonus, share trading etc) and expense types (cash, credit-card, insurance etc ) your “Net Savings” will always reflect your bank account.

Hope you enjoy this feature as much as we enjoyed bringing this to you.

You read right! We at Ionlab have decided to make the desktop app FREE for all our TrackEveryCoin customers starting today.

What is a Desktop App you ask?

Please go through our earlier post on Desktop App to learn what it is all about and how it can help you.

How Do I download and Install the Desktop App?

You can now download the desktop app for TrackEveryCoin for free by following the following simple steps

Please go to our website – www.trackeverycoin.com

Click on the “Get Desktop App” button on the screen to notice a pop up window and then click on the “Install Now” button and follow the instructions to install the desktop application on your computer.

Note: The desktop application is a one way sync, all your data on the desktop application is backed up on your web account. But the data on your web account is not transferred back to the desktop application!

Hope you enjoy using the desktop-app!

Firstly, we wish a Very Happy and Prosperous Diwali to all our Customers!

During this Indian festival season, we are super excited to bring a new pie chart to all Track Every Coin customers.

Track Every Coin team presents – 3D Pie chart with better user interface. You can now hover your mouse on any of the pie to see the amount, category-name and percentage share of the expenses.

Log onto your account and try it for yourself. Let us know what you think about it.

Secondly we have optimized the performance of our mobile website (http://m.trackeverycoin.com) to load faster. It now has a better and more updated backend engine. It is faster and better looking on your phone.

Last but not the least, we have added more options for adding recurring reminders. Along with expenses and income, you can now add different frequency to reminders. Newly added frequency list are

• Weekly
• Bi-Weekly
• Monthly
• Bi-Monthly
• Quarterly
• Half Yearly
• Yearly

Good news for all iPhone and iPad users, you can now add out Track Every Coin‘s  Mobile website as a shortcut on your home screen and have Track Every Coin’s logo displayed on it.

Here is how you can do that. First, open safari browser and visit: “m.trackeverycoin.com”

Now touch the “+” symbol and touch the “Add to Home Screen” option as shown below:

You can choose your own name. Notice the Track Every Coin logo is auto loaded when you do this.

Now touch “Add” button:

This will add the icon on your home screen. You can now access Track Every Coin’s mobile website easily from your home screen.

Feel free to comment on this. We look forward for your feedback.

Firstly, a big thank you to all our customers who have been sending us feedback and suggestions for Track Every Coin. It has given us a good opportunity to further improve the product and to serve you better!

The current release if focused on making changes based on the prioritized feedbacks. This is what in store for the first batch:

1. Many users wanted to add recurring expenses based on the following:

• Quarterly
• Bi-Monthly
• Half-Yearly

Advantages of having these recurring expenses is to enable you to add your Life Insurance premium which could be a Quarterly / Half-yearly payments.

You can now add recurring expenses based on the following

• Weekly
• Bi-Weekly
• Monthly
• Bi-Monthly
• Quarterly
• Half Yearly
• Yearly

2. Any expense marked as a “Reimbursement” is not shown in the Expense graph anymore. In other words, any reimbursable expense is only present in the expense listing and not in the expense graph.

Hope you find these features useful! Kindly continue to send us you feedback and suggestions and enable us to serve you better.

“I recently bought a new graphics card for my computer and realized that it has 3 years of Warranty! Now now… where do I save the receipt for 3 years?”

“My CA has been asking me for all my payslips to file my tax return.. Wish I had saved them in one location!”

If this seems to be your problem, Track Every Coin has a solution for this! Yes you can now attach your receipts under “Add expense” and attach your payslips to your “Add income” feature.

Consider an example where you have bought a graphics card and you have a 3 years warranty. Using your mobile phone you can quickly click a picture of the receipt…

Now login to your Track Every Coin account and click on “Add Expense”

Select the file (can be jpg or pdf) and save it. We are currently limiting the size of the file to 1MB. Once the file is attached, it is displayed in your grid.

Now be worry-free about keeping your receipts handy, for most of us dont find the recepits when we need them the most. Claiming your warranty becomes very easy.

We help you save your documents for life

Do tell your friends about this new feature!

Continuing our update from the mobile framework, Track Every Coin’s mobile website (m.trackeverycoin.com) now has the following updates:

In short, all the features available on the trackeverycoin website currently is now made available for your mobile!

1. Reminders

Add a reminder on the go from you cell phone. You remember something, add it quickly onto your account. This can be a bill payment / insurance payment or even birthday reminders! Track Every Coin will send you a recurring/ a non recurring reminder email when it is due.

You can also mark your reminder as paid or add it to expense.

Marking it ‘as paid’ will remove the reminder from the list but will not add it to the expense grid. On the other hand, ‘add to expense’ will mark the reminder as paid and will add it to the expense grid.

2. Who owes me

View all the expenses others owe you. We have added this on the mobile access as it makes it easy to see how much your friend owes you when you meet him!

After the settlement, you can mark them as money received.

3. I Owe

We have also added “I Owe” for mobile access. Expenses shared against you or in case you want to make a note of your ‘I Owes’, you can do the same!

We hope you enjoy these new features. Please feel free to share your comments / send us your feedback.

We recently attended a mobile conference and saw how the world is moving towards “Mobile framework”.

Track Every Coin mobile access now has a new mobile framework!

What does this mean? Better UI, better usability for users. The framework is highly optimized for touch smartphones and tablets.

How does this work?

Step 1: Visit “m.trackeverycoin.com” from your smart phone! You can bookmark it on your phone’s browser or download the TEC launcher for Android phone.

Step 2: Signup if you are not a user and start enjoying the new UI!

Note: In case the framework doesnt work on an older nokia phone, please download opera mini for you phone.

Hope you enjoy the new look and feel. Feel free to comment on this.

Track Every Coin now has an Android App! You can download your android app from the android market, just search for “Track Every Coin”.

Click here to download it from the app market.

The android application works like the facebook app, your need to be online to use the application.

The application is FREE to use!

Track Every Coin now has a Desktop Application. The desktop application is a standalone application that can be used without internet connection to keep track of your income, expense, split bills and company reimbursements.

If you travel a lot and need the app on your laptop/netbook or like to have your financial information on your desktop, then the Track Every Coin Desktop Application is for you!

The App also has an option to sync with your web account at Track Every Coin for data backup. If you change your computer your data is always intact.

We have built the app with Adobe AIR, that makes it platform independent. It works on Windows, Mac and Linux.

You can download the application by visiting our homepage: www.trackeverycoin.com, click on “Get Desktop App” and then click on Install now. Here are a couple of screenshots:

Expense screen:

Graphs -> Pie charts:

Go on and download the app for your computer. Download from here.

This feature has been requested by our users and we are very happy to bring this live to you. Yes, you can now keep track of the money you owe someone else.

Just click on “Add” under your I owe block in your Track Every Coin account.

Select the person from your contact list, enter the amount, description and category and save it. This will get listed under your “I Owe” block.

I Owe works in two ways

1. When you add an I owe yourself.
2. When your contact adds an expense against you.

Both this expense against a person will be added up and shown at once.

Complete I Owe:

This is also a new feature we have added. When you click on the tick mark of an I owe, you now have the option of adding it to your expense or just marking it as completed.

When you add it to your expense, all the list of expenses that you owe someone will be added in your expense grid one by one.

Take a case study of 2 roommates. When they share expenses against each other, expenses are shown in their respective I Owes. When they add it to their expense, the whole list is also added to their expense grid along with the categories.

This helps you capture all your expenses!

The sprit of Holi this time gave us new ideas to work on our mobile access site. We have updated the following things on our mobile access site:

• Added colors for better look and feel
• Added expense and income grid for a quick overview
• Bottom navigation to navigate between different screens

So how do you access this?

From any phone, open an internet browser (Eg: opera mini, native browsers) and

visit: http://m.trackeverycoin.com

Hope you enjoy this. Feel free to provide us feedback on the same.

You can now download your financial report by clicking on the download report icon in your Track Every Coin account.

You can download the report for any date range. The report consists of the following:

• Summary for the selected date range
• Category wise expense and income distribution
• Who owes you, and your I Owes
• The complete expense and income data for the selected date range.

You can also search by description or category and generate report for it.

Eg: Search for all your tax saving expenses, generate a report and submit it to your Auditor.

You can also generate report for a selected date range. Eg: If you are on a business trip, you can select your date range of the trip and generate report accordingly.

Do comment about this feature.

Track Every Coin’s mobile application for Nokia phones is now live. Click here to download the app from Nokia OVI store.

This is only our step 1 in the mobile app space.

This application will currently work on all S60 phones with 240×320 resolution. We will shortly roll out for other resolutions.

We will also develop applications for other phones in the future (Android, i-phone, Blackberry, etc).

If you have an i-phone, an android or a blackberry, for now – you can always access Track Every Coin by visiting “http://m.trackeverycoin.com” from your mobile’s browser.

So what is the advantage of a mobile application?

• You can add an expense on the go.
• You do not need internet access on the mobile all the time.
• You can sync your data to your account on the web at your convenience.

Go ahead and download the application and let your friends know about it!

Track Every Coin’s Dashboard provides you a high level understanding of your finances. In this article we will show you how you can analyze your expenses under transactions.

Overall view of your expenses are seen as follows in your transaction tab. Of course your transaction graph is the largest data point.

Another most important graph is your thermometer graph on top of the screen. Notice your net income, expense, savings and budget displayed. It shows how you can set a budget and see your expenses against it. Shorter the expense thermometer, larger will be your savings!

Next important graph will be the pie-chart. Notice how it is sorted in descending order, thereby giving you the top categories you have spent in. Once you know this, it s easy to analyze your expenses further.

Under search, you can search for your top expense categories. Eg: Shopping. When you search for a category, notice below that the search total is displayed instantaneously. In the below case we can see the total for shopping for the current month.

To understand where and how did you spend, just click on the arrow next to “Amount”. This will sort all your “Shopping” expenses in descending order. Now view your top highest expenses under shopping.

Similarly you can search for any category / description over different date range (Month, Quarter, Year) and sort your grid.

Log on to your account and try this out!