While managing your personal finances and planning household budgets, it is important to rely on accurate and up-to-date financial information, otherwise you risk taking the wrong decisions. Having duplicate transactions in your account is not only annoying but also confusing, since this affects your financial data altogether and alters the calculations in various reports. And how frustrating and time-consuming it can be to run a manual check of all your income and expense transactions and delete the duplicate entries one by one.

Our main goal is to assist you in your personal financial planning endeavors and make all the amount of work involved as easy for you as possible. In this respect, we have developed a wide range of online money management tools to simplify your expense tracking and budget planning activities. Our personal finance software functionality includes the possibility to detect duplicate transactions while importing CSV or OFX files. After uploading your file, you will be presented with an Import Data Overview where you can review, edit or delete any Import Transactions, Categories or Resources before completing the import operation. If you check the Import Transactions list, you can easily spot any duplicate records automatically detected by the system by looking at their Status value: "Duplicate" means that an identical transaction is already recorded in your InEx Finance account, "Failed" means that a certain error occurred while importing the concerned transaction (you may click on that specific transaction to see the detailed error description), "Success" means that the transaction is error-free and unique. The following principle is applied while checking the import records for duplicate entries:

  1. If you upload an OFX file, the system will identify any duplicate records by the Financial Institution Transaction ID – FITID which is unique for each transaction;
  2. If you upload a CSV file, the system will identify any possible duplicate records by amount, date and currency: if all 3 parameters are identical, chances are high this is a duplicate transaction.

Elimination of duplicate transactions will ensure that your financial data is accurate and your planning strategies are based on realistic analysis. We understand that time is money, that's why we strive to meet all your expectations with respect to usability and make InEx Finance personal money manager easy, helpful and efficient.


Published at January 19, 2012 17:38
Updated at January 19, 2012 17:38

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