Does TimelyBills consider refunds in Budget progress?

Yes, TimelyBills automatically adjusts your budget progress when a refund is recorded.

When you create a refund as an income transaction using the “Refund” category and against the original expense transaction, the refunded amount is:

• Subtracted from the spending total of the related budget category.

• Reflected in your overall monthly budget, ensuring accurate tracking.

This means your budget progress will show net spending, taking both expenses and refunds into account.