Activity Records

Activity Records include purchases, sales, transfers, income, expenses, dividends, interest payments, and other financial events.

Linked with Assets

Each activity record is linked to one or more assets involved in the transaction. For example:

TODO: add photos for each example

• A purchase of stocks would involve debiting the cash account asset and crediting the stock asset.
• An income transaction, such as a paycheck deposit, would involve crediting the cash account asset.
• An expense transaction, such as a bill payment or purchase, would involve debiting the cash account asset.
• A transfer between assets, such as moving funds from a savings account to a checking account, would involve debiting one asset and crediting another.

Activity records may also include additional details such as transaction dates, amounts, categories, payees, descriptions, and any relevant notes or tags provided by the user to facilitate tracking, categorization, and analysis of financial transactions.

Types of Activity Records

Activity records cover a wide range of transaction types that are specific to each type of predefined asset. To simplify things, there are two major categories in which all the activity records fall into which can be further drilled down for more accuracy.

Income and Expenses

Income and Expenses refer to financial transactions that move funds in our out of your assets from or to external sources. For example, income refers to new funds that you receive from an external source even though this income was produced by a specific asset like dividends are received on stock. Expenses refer to funds that you move to an external source that does not gain you a new asset for your portfolio, for example expenses in exchange for services, fees, or liabilities.

Income Activity Records:

Financial transactions received from external sources.

• Paychecks: income received from employment or other sources, such as salaries, wages, bonuses, or commissions.
• Coupons: fixed coupons received from bonds or other fixed-income securities as income.
• Dividends: income generated from dividends received on stocks, mutual funds, or other investment instruments.
• Interest Payments: interest income earned on savings accounts, certificates of deposit (CDs), or other interest-bearing investments.
• Royalties: income earned from royalties, licensing fees, or intellectual property rights, such as royalties from books, music, patents, trademarks, or other creative works.
• Rent: income generated from renting out real estate properties or vehicles.

Expenses Activity Records:

Financial transactions sent to external sources.

• Fees: expenses incurred from fees, charges, or commissions associated with financial transactions, banking services, investment accounts, or other services.
• Taxes: tax payments made to government authorities, including income taxes, property taxes, sales taxes, or other tax liabilities.
• Expenses: expenses related to purchases of goods or services, such as groceries and utilities, and expenses related to maintaining or servicing assets without directly contributing to their growth in value. This includes expenses such as vehicle maintenance, home repairs, property maintenance, equipment servicing, or other routine upkeep costs.
• Interest: Record interest expenses paid on loans, credit cards, mortgages, or other forms of debt financing. This includes interest charges accrued on outstanding balances or loans.

Transfers In and Out

Transfers In and Transfers Out refer to financial transactions that move funds between different assets inside your portfolio. These types of transfers are always linked to two assets, and never with an external source. For example, the sale of stock represents the transfer of funds from the stock asset to your brokerage account or cash account asset.

Transfer in Activity Records:

Financial transactions received from another asset inside your portfolio.

• Purchase: the purchase of a new asset like stocks, real estate properties, bonds, or other investment instruments with funds from another asset inside your portfolio such as a cash account.
• Deposit: deposits made into a brokerage account, cash equivalents, savings account, or other investment instruments from another asset inside your portfolio such as a cash account.
• Transfer in: funds transferred in an asset from another asset inside your portfolio. For example, transfers in a cash account from the sale of another asset.

Transfer out Activity Records:

Financial transactions sent to another asset inside your portfolio.

• Sale: the sale or liquidation of investments, such as the sale of stocks, real estate properties, bonds, or other assets for their market value. The sale of an asset will generate a “transfer in” into another asset inside your portfolio.
• Withdrawals: withdrawals made from a brokerage account, cash equivalents, savings account, or other investment instruments into another asset inside your portfolio such as a cash account.
• Reached Maturity: the maturity of investments, such as the redemption of bonds, CDs, or other fixed-income securities that will terminate the asset and generate a “transfer in” into another asset inside your portfolio.
• Transfer Out: funds transferred from an asset to another asset inside your portfolio. For example, transfers between two different cash accounts.