Resources
A resource represents any type of our services (like transactions, categories, groups and more) which you are using everywhere in the app.
Groups
What is a group, what are they used for, how to insert them?
What is a group?
A group represents another way of grouping transactions, however, this time, inside a category.
A group is always created under a category, so basically it is a way to group some transactions inside a category, under a more specific type.
The best example we can give is having a holiday category. You may go in multiple holidays, so you can create a group for a holiday (eg. New York and Greece).
Then, you insert all your New York holiday transactions under this New York group, and all your Greece transactions under the Greece group.
This way, you are keeping all your transactions grouped by a specific holiday, but also all your holiday groups under a specific Holiday category.
Let's have another example of a group, this time a different type: a credit group.
What is a credit group?
A credit group is very similar to a group regarding how it works.
It is a way to group transactions, however, this time, for another reason.
A credit group purpose is to split a transaction into multiple parts and it is used when you buy something with a credit card, or a credit method.
Take an example of a credit transaction, used to buy a product that costs 1000 USD, in 4 months. The monthly credit rate (monthly installment) will be 250 USD if no interest rate is applied.
To simulate this in our app, you create a credit group for your whole product and then, when you pay a credit rate, you insert one transaction of a value equal to the monthly rate into this credit group.
This way, you will always know how many rates have you paid out of the total ones (4 in this case), and also how many rates and how much money you have left to pay.
ScyFin app also calculates you the aproximate value you have to pay, along with the deadline and it will notify you when it is time to pay a rate.
How to create a group / a credit group?
You can create a group from your groups page.
From there, you have to choose the type of group you want to create and click the corresponding button.
For an usual group, use the button.
For a credit group, use the button.
Group's & Credit Group's fields
A field represents a group's attribute.
1) Group
Group Name: Represents the name of the group you want to create.
Category: Represents the name of the category under which the group will be created.
As we've mentioned, the group is a subdivision of a category, which holds transactions. That's why you need to specify the category under which it will be created.
2) Credit Group
Group Name: Represents the name of the credit group you want to create.
Category: Represents the name of the category under which the credit group will be created.
Total amount: Represents the total amount of the credit transaction you want to establish.
No of months of credit: Represents the total number of months you want to set for your credit transaction.
You can also read more about groups when creating one, by click on the dropdown menu arrow .
Summary
A group is also a way to group your transactions, but under a category, so it's a subdivision of a category. There are two types of them, groups and credit groups, with different use scenarios.
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