Refunds & rebates, done right

A refund, rebate or reversal — a bank fee rebate, a returned purchase, a cashback — is money coming back on an expense you already booked. It is not new income. Log it as income and you overstate both your income and your expenses, and your bottom line drifts. Voice Money Manager has a Refund type that keeps the books honest.

What a Refund does

A Refund is money into your account — it raises your balance, like a deposit — but you point it at the expense category it refunds. In your spending reports it subtracts from that category, so the net reconciles on its own:

Bank & interest: $30.00 spent − $7.50 rebate = $22.50 net.

On a statement import

While you review a statement, set a row's Type to Refund and the category box switches to your expense categories — pick the one being refunded (e.g. 8710 – Interest & bank charges). We even auto-flag deposits that read like a rebate, refund or reversal so you can confirm them at a glance.

Anywhere you add a transaction

The Refund type is there when you add or edit any transaction too — choose Refund, pick the expense category it offsets, and it reconciles the same way, on both the web app and your phone.

Why it matters

Clean numbers matter at tax time. On the CRA and IRS forms, a rebate on a deductible expense nets against that expense — exactly what the Refund type does. Your category totals, your profit-and-loss, and your tax lines all stay accurate, with zero manual math.