Get a record of all your payments and expenses in your "Transactions" table. In the "Transactions" table, you'll see additional details about each transaction. With HoneyBook Balance, you can also see what project the transaction is related to, how much of the payment is saved, and other important information.
A good practice is to review your transactions weekly to keep up on categorizing expenses and scanning for fraudulent transactions.
What information is in the "Transactions" table
The "Transactions" table tracks how all funds enter and exit your business checking account. From the navigation menu, select Finance > Balance. The table is made up of 5 key columns: the date, transaction, project name, tax category, and amount. Check out the following table to learn more about each column:
Column | Description |
Date | When this transaction occurred. Note the last 100 transactions in your account will be present. |
Transaction | A short summary of the transaction that typically includes the vendor name. If you moved funds within your HoneyBook Balance account, a summary of that action is also included, for example, moving funds into a savings account. |
Project name | If you link a project to an expense in the transaction table, that'll appear here. Project payments will automatically be linked. Learn more about uncovering project finances.
If a project is linked to the transaction, you can go to the project’s page by selecting the link for that transaction. |
Tax category | This category is automatically assigned to each card transaction expense and refers to classifications used for determining the appropriate tax treatment of expenses and other financial activities. Learn more about business expense categories. |
Amount | The total amount of the transaction. Note any payments to you might have transaction fees and savings set aside into savings buckets that reduce what was added to your available balance. |
🔥 Stop
If you've noticed ACH charges on your account that you don't recognize, immediately contact support by clicking the Question Mark icon on any HoneyBook page.
Learn more about the transaction amounts shown
In the "Transactions" table, the payment amount always represents the total transaction amount, and it's important to note this might not be the same as the amount added to your available balance. This is because transaction fees, money put aside in savings, and loan repayments might be subtracted from the total amount if they're applicable.
While looking at your "Transactions" table, select the expense you want to investigate. A list will appear on the right side of your screen that breaks down what funds were deducted from the original payment amount.
📚 Tip
If you see a green number, that amount was deposited into your account or transferred into it. If you see a black number with a minus sign ( - ) in front of it, that amount was withdrawn from your account or transferred out of it.
More information on transaction details
While reviewing transaction amounts and deductions, you can also find a transaction’s date, ID, and type.
The date is when the transaction occurred
The ID is a unique identification number for the transaction and isn't an invoice ID
Your banking providers can use this number to identify the transaction if you ever need to troubleshoot with them
The type will change depending on how this transaction was generated. Learn more about the different transaction types that can appear.
What you can do in the "Transactions" table
In the list of transactions, there are a few things you can do to make the most of your HoneyBook Balance account. These actions will give you information on what projects earn you the most money and where you're spending your money.
Unlock project finances by linking a project to a transaction
Under the "PROJECT" column, you can link projects to transactions. Doing so unlocks the project finances widget, providing you with insights on what projects make you the most money and generate the most expenses.
When you link a project, you can also directly access that project’s page by hovering over the project and selecting the link icon.
Uncover money insights by categorizing an expense
Under the "TAX CATEGORY" column, expenses that are paid for with your HoneyBook debit card are automatically categorized. This generates insights for how money flows in and out of your account, letting you know where and how you spend your money.
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!
HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.