moneyStrands Adds New Cash Tracking Capabilities

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Improved iPhone app offers shortcuts significantly reducing the burden of data entry

Until now cash expenses were very much under the radar with no practical way to account for them. The latest version of our iPhone app has solved this problem.

moneyStrands, an award-winning online personal finance management service, announced today its latest feature that makes managing cash quick and easy. It allows users to track ATM withdrawals and cash on hand by entering transaction data in multiple convenient ways. Users can now better track their cash spend by easily recording income or expenses for transactions such as tips, taxi cab fare, bonuses or loose bills.

“Despite increased card usage many of us still have cash spending that quickly adds up. Until now cash expenses were very much under the radar with no practical way to account for them,” said Atakan Cetinsoy, VP of finance products at moneyStrands. “The latest version of our iPhone app has solved this problem by giving the user shortcuts that reduce the manual data entry into mere seconds while on-the-go.”

With this new feature, a cash account has been automatically added to every moneyStrands users’ account. They select which financial accounts they want linked to their new cash account and going forward all ATM withdrawals from these accounts will be treated as deposits allowing users to see the cash on hand so that it can be assigned to a more specific spending category. In addition, users can also manually add cash transactions to record any spending or income for random transactions like quick bites to eat, convenience store purchases or a stop at the local coffee shop.

Mobile Agility
In keeping with moneyStrands’ commitment to make managing finances quick and easy, the company has equipped users for mobility. The free moneyStrands iPhone app has also been updated with the cash management feature, allowing users to easily track spending on the spot. Users can key in transaction details from scratch or utilize the application’s short cut menu, which auto populates recent transactions, popular categories or popular merchants for faster entry. Just purchased a fast bite to eat? Had to jump in a taxi for a quick ride? Now you can quickly input your spend in the latest in moneyStrands’ iPhone app.

About moneyStrands
moneyStrands is an award-winning, easy-to-use online personal finance service. It automatically gathers data for financial accounts including savings, checking, loans and credit cards, providing users with an up-to-date, accurate, unified view of their finances. moneyStrands goes beyond providing financial analysis tools, with personalized money-saving advice and recommendations, and lets people anonymously compare themselves with people with similar backgrounds and financial goals. moneyStrands is also accessible on the go via a free iPhone application. The application supports 44 currencies and is available in both English and Spanish. More information on moneyStrands’ free personal finance software and can be found at http://www.moneystrands.com.

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Lucia Giacomantonio
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