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FAQs and Feedback - What is the difference between expense, money transfer and income?

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What is the difference between expense, money transfer and income?

Category: Expenses and reimbursements

  • An "Expense" is the most common transaction in Tricount. It represents an amount that is spent by a participant for the group, or a subset of the group. Examples: shopping for groceries, car rental, etc.

  • A "Money Transfer" is an operation between participants of a given tricount; this can be seen as cash that moves from hand to hand. Examples: a participant reimburses another participant; a participant is lending some cash to another, etc.

  • An "Income" is the opposite of an expense. It represents an amount that is received by a participant for the group. Examples: a participant returns the deposit on the bottles and gets back some money; the group takes an external passenger in its car (carpooling) and receives money for it.