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Spending insights FAQs (HoneyBook Balance)

Answers to commonly asked questions around spending, project profitability, and debit card use insights.

Updated this week

What can my debit card spend tell me about my expenses?

Expenses paid with your HoneyBook debit card—physical or virtual—are debited from your available balance and are automatically categorized so you can track where your money is going. Learn more about debit card expense categories.

Recorded transactions make it easier to monitor and categorize expenses for budgeting, accounting, and tax purchases.


What can my debit card tell me about a project's profitability?

Client payments are auto-connected to a project. By connecting related expenses to the same project, you get real-time project worth:

  • Net client payments minus business expenses paid with your HoneyBook debit card or otherwise assigned to that project

This will give you a comprehensive understanding of the profitability and success of individual projects. With this information, you can:

  • Assess the financial viability of your projects

  • Identify areas if improvement in your processes

  • Make data-driven decisions to optimize resource allocation and maximize project profitability

As a business owner, you can make informed choices and strategically steer your projects towards long-term success.


How can my debit card usage help me know how healthy my business is?

At a glance, your Balance Dashboard shows your net revenue for the last 30 days:

  • Net client payments minus business expenses paid with your HoneyBook debit card or otherwise assigned to the project

This valuable information lets you effectively manage your business finances:

  • Gauge your cash inflow and outflow

  • Assess your business' financial health and profitability

  • Plan for future expenses

  • Make informed decisions about investments, expansion, and cost-saving measures

Getting a clear picture of your net revenue cashflow ensures the stability and sustainability of your business while optimizing financial strategies for long-term success.


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.

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