A Guide to Recording Recharges and Deductions for Clear Wallet Management
The Importance of Accurate Logs
Maintaining precise transaction records in your LoveGoBuy spreadsheet is crucial. It prevents confusion between your actual wallet balancepayment receipts
Recommended Spreadsheet Structure
Create a dedicated sheet or section with the following columns:
| Date & Time | Transaction Type | Amount (USD/CNY) | Payment Method | Order ID / Reference | Notes | Running Balance |
|---|---|---|---|---|---|---|
| 2023-10-26 14:30 | Recharge | +$100.00 | PayPal | RCG-78901 | Monthly budget top-up | $150.00 |
| 2023-10-27 09:15 | Deduction | -$45.20 | Wallet Balance | ORD-45632 | Shipping fee for jacket | $104.80 |
Step-by-Step Logging Procedure
-
For Recharges (Adding Funds to Wallet):
- Record the exact date and time
- Mark Transaction Type as "Recharge".
- Enter the amount as a POSITIVE
- Note the payment method used (e.g., Credit Card, PayPal).
- Include the recharge reference ID from LoveGoBuy.
- Immediately update the Running Balance
- Record the exact date and time
-
For Deductions (Purchases or Fees):
- Record the date and time
- Mark Transaction Type as "Deduction".
- Enter the amount as a NEGATIVE
- Write "Wallet Balance" as the Payment Method.
- Always input the related LoveGoBuy Order ID.
- Briefly describe the item or fee in the Notes.
- Update the Running Balance
- Record the date and time
Pro Tips to Prevent Confusion
- Log Immediately:
- Verify Balances:
- Use Filters:
- Highlight Discrepancies:
- Save Receipts:
- Verify Balances:
Common Pitfall Avoidance
Confusion often arises when users forget to log a deduction and see a wallet balance that doesn't match their spending records. Another common error is mixing up recharge amountsorder costs
By treating your LoveGoBuy spreadsheet as a dedicated financial ledger, you ensure full transparency and control over your international shopping funds.