1. Recording a Recharge
When you add funds to your LoveGoBuy wallet:
- Date & Time:
- Transaction Type:"Recharge".
- Amount:positive
- Reference #:
- Notes:
Effect:Running Balance.
A key challenge for any purchasing agent is tracking finances accurately. For LoveGoBuy users, maintaining a clear, detailed spreadsheet is crucial to prevent confusion between your actual wallet balance and your payment receipts. Here's a step-by-step guide to ensure your transaction logs are always accurate and reliable.
Without a proper log, it's easy to lose track of how much money is in your LoveGoBuy wallet versus what you've actually spent on orders. This can lead to overdrafts, failed payments, and accounting headaches. A disciplined recording system acts as a single source of truth for all your transaction activities.
The golden rule is: Every transaction that adds to or subtracts from your wallet balance must have its own, unique row in your spreadsheet.
Create columns for the following data points to capture a complete picture:
| Column Header | Description | Example |
|---|---|---|
| Date & Time | The exact date and time of the transaction. | 2023-10-27 14:30 |
| Transaction Type | Clearly label as "Recharge" or "Deduction/Payment". | Recharge |
| Amount (USD/CNY) | The monetary value. Be consistent with your currency. | +50.00 USD |
| LoveGoBuy Reference # | The transaction ID from LoveGoBuy (e.g., order ID, recharge ID). | RB82345791 |
| Payment Method | How you recharged (PayPal, Credit Card) or what the payment was for. | PayPal / Payment for Order #LGB12345 |
| Running Balance | A formula that automatically calculates your current wallet balance after each entry. | =SUM(AboveCell+CurrentAmount) |
| Notes | Any additional details, like "Recharge for upcoming haul" or "Deduction for shipping fees". | Fees for parcel #LF987654 |
When you add funds to your LoveGoBuy wallet:
Effect:Running Balance.
When LoveGoBuy deducts money for an order, service fee, or shipping:
Effect:Running Balance.
Maintaining meticulous transaction logs in your LoveGoBuy spreadsheet is a simple habit that saves immense time and prevents financial confusion. By clearly separating every recharge and deduction, you maintain a real-time, accurate picture of your spending and available funds. This turns your spreadsheet from a simple list into a powerful financial management tool for all your shopping endeavors.
Start today: