Summary
Nance can track your financial activity by collecting transactions from your connected bank accounts and credit cards, along with any cash transactions you manually add. This allows Nance to monitor spending, income, payment channels, and financial patterns in one place.
What Financial Activity Nance Can Track
Once you connect at least one bank account to Nance, the app automatically begins tracking financial activity related to that account. Nance focuses on capturing transaction-level data and turning it into structured financial insights.
Bank Transactions
Nance tracks transactions from your connected bank accounts. This includes everyday financial activity such as:
- purchases and payments
- transfers between accounts
- deposits and income
- withdrawals and ATM transactions
These transactions form the foundation for your financial analysis inside Nance.
Credit Card Transactions
If you connect a credit card, Nance can also track spending made using that card. Credit card purchases appear alongside your other transactions so you can view and analyze your overall spending in one place.
Cash Transactions
Nance allows you to manually record cash income and expenses. This ensures that spending made outside of banks or cards can still be included in your financial tracking.
Spending Categories
Nance automatically categorizes transactions to help you understand where your money goes. This allows the system to track spending across categories such as food, shopping, transportation, and more.
Payment Channels
Nance also identifies the payment channel used for each transaction, such as:
- UPI
- debit or credit card
- ATM withdrawals
- cash
This helps you analyze how you typically make payments.
Financial Insights and Trends
Based on the transactions it tracks, Nance generates insights such as:
- category spending breakdown
- spending trends over time
- average spending comparisons
- payment channel distribution
These insights help you understand your financial behavior beyond simply viewing transaction lists.
By tracking transactions from multiple sources and organizing them into structured insights, Nance provides a complete view of your financial activity in one place.