With the start of a new year we are happy to announce our most exciting feature called the “Social Networking of Money”.
So what do we mean by social networking of money?
Imagine you go out with your friends and share some drinks. One person pays for it and others are to pay back later. We have all been there, done that – it gets increasingly harder to followup with friends on the money they owe you. Here is how Track Every Coin makes it simple for you and your friend…
Step 1:
After you login to your account, click on “Contacts” tab on the right corner of the screen (just below today’s date)
Step 2:
In the contacts tab, add your contact by adding his/her name and email address…
On clicking “Add”, the system will add your friend and send an invite automatically if the “Send an invite” is selected.
After adding your friend, he/she is added to your contacts list…
The “invite” button on the grid disappears after your friend has accepted the invitation. If your contact has not accepted the invite yet, you can send a reminder by clicking on the “Invite” button.
Step 3:
Upon adding someone in your network, you can quickly share expense against them…
After you share the expense, an email is automatically sent out to the person you shared the expense with. The expense shows up under his/her “I Owe” block and you can track it under your “Who owes me” block.
This networking feature is a hassle free way of sharing expenses with friends.
So now with Track Every Coin, you can not only track your own expenses but also split bills with friends.
You can now select different currency under settings. This will update your account with the selected currency.
You can invite your friends in other countries and they can benefit out of Track Every Coin.
Secondly you can have a quick review of your “Who owes me”. Just keep your mouse pointer on the person who owes you, can be individual or company reimbursement it shows the list of shared expense:
You can also email this to your friends / company for reimbursements. Just click on the email icon on their name:
Now it is so much easier to keep track of bills and company reimbursements.
You can add an expense as a recurring expense and set the frequency to: Weekly / Monthly / Yearly. The expense will be automatically added to your account. You can also add a shared / reimbursement as a recurring expense as well.
Now go ahead and add your monthly fixed income as a recurring income.
You can set the frequency to: One time / Weekly / Monthly / Yearly.
Budget:
Setting your monthly budget is now easy. Just click on the budget, it turns into a text box. Enter your monthly budget and press enter.
Current month’s budget is carried to the next month. Once you set your budget sync your TECI gadget to see the budget updated on the device.
Reimbursements in Who owes me:
You can now see your cumulative company reimbursements in your Who owes me list for a quick update. Also get the reimbursement total on your TECI gadget.
We are excited to release a new feature of Track Every Coin… “Who owes me?”
Sharing expense with friends / roommates is now easy. You can easily share an expense by clicking on “Shared” and add people to it. Move the slider for the share amount or click on equalize for an equal share.
The expense will be marked as shared (s) and will be listed under “Who Owes me?”. Once you receive the money click on the tick mark to mark it as received.
What is even cool, if you are using the TECI gadget and sync with your account, it will show on your TECI… here is a small video showing the same…
