This topic describes the systematic instruction to Spend Analysis screen. This screen enables users to view the spends and manage all the categories and sub-categories created by them.

This tool helps the user by providing an insight on the pattern or areas of expenditures. Customers can make smarter financial decisions by tracking their expenses over time.

The system defines categories and sub-categories to which the transactions can be assigned. The categories or sub-categories are assigned to the transactions, based on certain rules pre-defined by the system. This screen enables users to view the spends and manage all the categories and sub-categories created by them. This option enables the customers to re-categorize the transactions or split into any number of transactions and each division can have their own categories/ sub-categories. The users can re-categorize the assignment of transactions to any categories or sub-categories of choice. The user can also split a transaction into two or more sub transactions.

In addition to the existing default categories and sub-categories (created by the bank), users can also create their own new categories and sub-categories. The card feature is provided to view the Top Spends, Top Spending Category, and Highest Value Transactions for the specified duration and accounts. Filters like spends tenure and category help user to view all the spend transaction details for the selected account and duration.

Pre-requisites:

• Transaction access is provided to retail users.
• User has an account and have done few transactions.
• Basic categories and sub-categories are maintained and necessary rules are defined.

1. Perform anyone of the following navigation to access the Spend Analysis screen.
   • From the Dashboard, click Toggle menu, and then click Menu. From the Menu, click Personal Finance Management, and then Spends widget, and then click on the View All Transactions link.
   • In the Search bar, type Personal Finance Management - Spend Analysis , and press Enter.
2. Navigate to one of the above paths.
   The Spend Analysis screen appears.

   Figure 3-1 Spend Analysis

   
   

   
   Description of "Figure 3-1 Spend Analysis "

   
   

   For more information on fields, refer to the field description table.

   Note:

   The fields which are marked as Required are mandatory.

   Table 3-1 Spend Analysis - Field Description

   Field Name	Description
   Account Dropdown	Specify the account criteria to view the spends. The options are: All Accounts & Cards - the spends data is shown collectively for all cards and accounts. All Accounts - the spends data is shown for all accounts consolidated. Specific Accounts - the spends data is shown for specific account. All Cards - the spends data is shown for all credit cards consolidated. Specific Card - the spends data is shown for specific credit card.
   Spends Tenure	Specify the duration to view the spend analysis based on it. The options are: 1M 3M 6M 1Y Custom Range
   Total Spends	This card displays the total amount spent along with the total number of transactions done for the selected duration and account/card. It also shows the percentage increase or decrease in the spends since previous month, if duration is selected as 1M. Click on the card, and the spends (as per the selected duration) will be displayed in an overlay.
   Top Spending Category	This card displays the topmost spend category for the selected duration and account/card. It also shows the spend category, the amount, and the count of transactions within that category for the selected duration. Click on the card, and the spend categories will be displayed in descending order (in an overlay), showing the amount and number of transactions for each category.
   Highest Value Transaction	This card displays the spend category with the highest value transaction for the selected duration and account/card. It also shows the spend category, amount, and date of the transaction within the selected duration. Click on the card, and the highest value transaction categories will be displayed in descending order in an overlay, showing the amount, date, and description of each transaction.
   Category	Displays the spend categories as chips which act as quick filters. All option is also available to view the transactions for all spend categories. Note: Click on the specific spend category to filter the transactions basis a particular spend category.
   Spends Image	Displays the image of the spend’s category. The initials of the spend category will appear in place of the photo.
   Spends Details	Displays the following details for each transaction: Date of Transaction- The date on which the transaction was performed. Spend Category- The category and, if applicable, sub category to which the transaction is assigned. Transaction Description/Narration- The transaction description as defined in the system along with the account number of the account from which the transaction was performed.
   Pay With	The current and savings account number which was used as mode of payment.
   Amount Spent	The transaction amount with currency.
   Actions	The actions which can be performed for each transaction: Recategorize Transaction- The option to edit/recategorize the transaction into another category/sub-category. Split Transaction- The option to split the transaction into two or more categories or sub-categories. This option will no longer be provided against records that have already been split.

3. From the Account Dropdown list, select the account criteria to view the spends.
4. In the Duration field, select the time period for which you wish to view spend analysis.
5. Click on the Total Spends card.
   The spends (as per the selected duration) will be displayed in an overlay.

Figure 3-2 Spend Analysis – Total Spends

• Click on the Top Spending Category card.
• The spend categories will be displayed in descending order (in an overlay), showing the amount and number of transactions for each category.

Figure 3-3 Spend Analysis – Top Spending Category

Description of "Figure 3-3 Spend Analysis – Top Spending Category"

• Click on the Highest Value Transaction card.
• The highest value transaction categories will be displayed in descending order in an overlay, showing the amount, date, and description of each transaction.

Figure 3-4 Spend Analysis – Highest Value Transactions

Description of "Figure 3-4 Spend Analysis – Highest Value Transactions"

6. Click on the Edit icon link against a record to re-categorize that transaction. In case relevant category/sub category is not available, you can re-categorize by creating new category/sub category.
   • Click on the Split icon link against a record to split that transaction record.

• Spend Analysis – Recategorize Transaction
  This topic describes the systematic instruction to Spend Analysis – Recategorize Transaction screen.
• Spend Analysis – Split Transaction
  This topic describes the systematic instruction to Spend Analysis – Split Transaction screen.