What Jeff Banks does when a friend pays you back.
You pay €60.00 for dinner and Marta sends back half of it, €30.00, by Bizum. Your statement ends up with two lines, the card payment and the Bizum coming in, and what follows is only about how Jeff Banks counts them. The app still shows categories, movement types and a few options in Spanish, so the English meaning follows each one in parentheses.
How does Jeff Banks read the Bizum you get?
In your movements, “BIZUM DE MARTA RUIZ CONCEPTO MI PARTE” is listed as “Marta Ruiz”, and its detail gives the type as “Bizum recibido” (Bizum received). The rules put it under “Transferencias” (transfers), and since the money comes in, Month adds it to your income. Some words in the concept change its category, and with “BIZUM DE MARTA RUIZ CONCEPTO CENA” the Bizum goes under “Restaurantes” (restaurants), while still counting as income.
With Premium, Banks AI may give it another category when it trusts its answer enough, though none of the categories it picks leaves the Bizum out of your income. Nor does Jeff Banks take it for money moving between your accounts, since it never pairs a Bizum on its own.
Why do your income and spending both go up?
By the rules, the dinner, “COMPRA TARJ. 5540XXXXXXXX1234 RESTAURANTE CASA PACO VALENCIA”, goes under “Restaurantes” (restaurants) as €60.00 of spending, when your part was only €30.00. Banks AI (with Premium) or a change of your own can give it another category, and it counts as spending in any of them, unless you set it not to count. Marta's Bizum adds €30.00 to your income, even though it is your own money coming back.
Together the two movements take €30.00 off the month's net, which is what the dinner cost you, and they also put €30.00 too much in your income and another €30.00 in your spending.
Taking the Bizum out of your income by hand.
When you change the Bizum's category, you can pick “No contar en el P&L” (not counted). It stays in your lists and in its account's balance, but Month stops adding it to your income. The dinner does not change, so in a month with only these two movements the net would go from -€30.00 to -€60.00.
If you pick “Automática” (automatic), the rules decide its category again and the Bizum is back in your income. You can do this on any plan.
Putting the dinner in a split.
Splits works the same on every plan, Free included. You create a split with Marta and add the dinner, typed in or picked from your movements with “From your bank”, in which case the expense takes the amount and date from your bank. Divided equally, it leaves Marta a share of €30.00, and it can also be divided unevenly.
Marta can be in the split without using Jeff Banks, and the shared expenses page explains what joining brings.
When the Bizum arrives.
Once the money is in your account, “Mark as paid” records the payment and Marta's debt is settled. Since the payment is to you, the same window lets you pick the Bizum that arrived with “Consolidate into P&L”. Jeff Banks then gives it the category “Fuera del P&L” (left out of the P&L) in your workspace, the same one “No contar en el P&L” gives, and Month leaves it out of your income.
If you mark it paid without picking anything, the payment stays in your income, and you can consolidate it later from “Recorded payments”, where the payment then carries a “Consolidated into P&L” tag only you can see. Consolidating, like changing a category, needs the Member role or a higher one in your workspace.
Undoing the payment or the consolidation.
In “Recorded payments”, “Undo” deletes the payment. Marta's debt opens again, and the Bizum gets back the category it had before you consolidated it, unless you have changed it since. “Undo consolidation” only lets go of the Bizum, which gets its category back too, and the payment stays marked. Deleting the split also gives every Bizum consolidated in it back its earlier category, unless you have changed it since.
The dinner counts in full in your spending.
Whichever way you take, the Bizum leaves your income and the dinner keeps its category and the €60.00 your bank charged. Jeff Banks does not take Marta's part off that expense, so your month's spending carries the whole dinner. The split, on the other hand, shows only your part under “My expenses”, €30.00.
Balances from another sample split.
The card belongs to another example, the split “Trip to Lisbon”, which divides every expense equally. In it, Marcos owes you €114.80 and Ana owes you €55.40. When either of them pays you and you consolidate the payment as you mark it paid, that money leaves your income too.
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