diff --git a/packages/desktop-client/src/components/mobile/transactions/FocusableAmountInput.tsx b/packages/desktop-client/src/components/mobile/transactions/FocusableAmountInput.tsx
index 1dd1cc93a2a..3725306a8fc 100644
--- a/packages/desktop-client/src/components/mobile/transactions/FocusableAmountInput.tsx
+++ b/packages/desktop-client/src/components/mobile/transactions/FocusableAmountInput.tsx
@@ -11,8 +11,14 @@ import React, {
 
 import { css } from '@emotion/css';
 
+import {
+  evalArithmetic,
+  hasArithmeticOperator,
+  lastIndexOfArithmeticOperator,
+} from 'loot-core/shared/arithmetic';
 import {
   amountToCurrency,
+  amountToInteger,
   appendDecimals,
   currencyToAmount,
 } from 'loot-core/src/shared/util';
@@ -75,6 +81,10 @@ const AmountInput = memo(function AmountInput({
     setValue(initialValue);
   }, [initialValue]);
 
+  useEffect(() => {
+    keyboardRef.current?.setInput(text);
+  }, [text]);
+
   const onKeyUp: HTMLProps<HTMLInputElement>['onKeyUp'] = e => {
     if (e.key === 'Backspace' && text === '') {
       setEditing(true);
@@ -87,7 +97,10 @@ const AmountInput = memo(function AmountInput({
   };
 
   const applyText = () => {
-    const parsed = currencyToAmount(text) || 0;
+    const parsed = hasArithmeticOperator(text)
+      ? evalArithmetic(text)
+      : currencyToAmount(text) || 0;
+
     const newValue = editing ? parsed : value;
 
     setValue(Math.abs(newValue));
@@ -115,11 +128,44 @@ const AmountInput = memo(function AmountInput({
   };
 
   const onChangeText = (text: string) => {
-    text = appendDecimals(text, String(hideFraction) === 'true');
+    console.log('text', text);
+
+    const lastOperatorIndex = lastIndexOfArithmeticOperator(text);
+    if (lastOperatorIndex > 0) {
+      // This will evaluate the expression whenever an operator is added
+      // so only one operation will be displayed at a given time
+      const isOperatorAtEnd = lastOperatorIndex === text.length - 1;
+      if (isOperatorAtEnd) {
+        const lastOperator = text[lastOperatorIndex];
+        const charIndexPriorToLastOperator = lastOperatorIndex - 1;
+        const charPriorToLastOperator =
+          text.length > 0 ? text[charIndexPriorToLastOperator] : '';
+
+        if (
+          charPriorToLastOperator &&
+          hasArithmeticOperator(charPriorToLastOperator)
+        ) {
+          // Clicked on another operator while there is still an operator
+          // Replace previous operator with the new one
+          // TODO: Fix why clicking the same operator duplicates it
+          text = `${text.slice(0, charIndexPriorToLastOperator)}${lastOperator}`;
+        } else {
+          // Evaluate the left side of the expression whenever an operator is added
+          const left = text.slice(0, lastOperatorIndex);
+          const leftEvaluated = evalArithmetic(left);
+          const leftEvaluatedWithDecimal = appendDecimals(
+            String(amountToInteger(leftEvaluated)),
+            String(hideFraction) === 'true',
+          );
+          text = `${leftEvaluatedWithDecimal}${lastOperator}`;
+        }
+      }
+    } else {
+      text = appendDecimals(text, String(hideFraction) === 'true');
+    }
     setEditing(true);
     setText(text);
     props.onChangeValue?.(text);
-    keyboardRef.current?.setInput(text);
   };
 
   const input = (
@@ -172,6 +218,7 @@ const AmountInput = memo(function AmountInput({
           keyboardRef={(r: AmountKeyboardRef) => (keyboardRef.current = r)}
           onChange={onChangeText}
           onBlur={onBlur}
+          onEnter={onUpdate}
         />
       )}
     </View>
diff --git a/packages/desktop-client/src/components/util/AmountKeyboard.tsx b/packages/desktop-client/src/components/util/AmountKeyboard.tsx
index ba3ffa2cb93..e17822a30f8 100644
--- a/packages/desktop-client/src/components/util/AmountKeyboard.tsx
+++ b/packages/desktop-client/src/components/util/AmountKeyboard.tsx
@@ -17,6 +17,7 @@ export type AmountKeyboardRef = SimpleKeyboard;
 
 type AmountKeyboardProps = ComponentPropsWithoutRef<typeof Keyboard> & {
   onBlur?: FocusEventHandler<HTMLDivElement>;
+  onEnter?: (text: string) => void;
 };
 
 export function AmountKeyboard(props: AmountKeyboardProps) {
@@ -50,10 +51,18 @@ export function AmountKeyboard(props: AmountKeyboardProps) {
         },
       },
       // eslint-disable-next-line rulesdir/typography
-      '& [data-skbtn="+"], & [data-skbtn="-"], & [data-skbtn="×"], & [data-skbtn="÷"], & [data-skbtn="{bksp}"]':
+      '& [data-skbtn="+"], & [data-skbtn="-"], & [data-skbtn="×"], & [data-skbtn="÷"]':
         {
           backgroundColor: theme.keyboardButtonSecondaryBackground,
         },
+      // eslint-disable-next-line rulesdir/typography
+      '& [data-skbtn="{bksp}"], & [data-skbtn="{clear}"]': {
+        backgroundColor: theme.keyboardButtonSecondaryBackground,
+      },
+      // eslint-disable-next-line rulesdir/typography
+      '& [data-skbtn="{enter}"]': {
+        backgroundColor: theme.buttonPrimaryBackground,
+      },
     }),
     props.theme,
   ]);
@@ -81,25 +90,38 @@ export function AmountKeyboard(props: AmountKeyboardProps) {
       }}
     >
       <Keyboard
-        layoutName="default"
         layout={{
-          // eslint-disable-next-line prettier/prettier
           default: [
             '+ 1 2 3',
             '- 4 5 6',
             '× 7 8 9',
-            '÷ . 0 {bksp}',
+            '÷ {clear} 0 {bksp}',
+            '{space} , . {enter}',
           ],
         }}
         display={{
           '{bksp}': '⌫',
+          '{enter}': '↵',
+          '{space}': '␣',
+          '{clear}': 'C',
         }}
         useButtonTag
+        stopMouseUpPropagation
+        stopMouseDownPropagation
+        autoUseTouchEvents
         {...props}
         keyboardRef={r => {
           keyboardRef.current = r;
           props.keyboardRef?.(r);
         }}
+        onKeyPress={key => {
+          if (key === '{clear}') {
+            props.onChange?.('');
+          } else if (key === '{enter}') {
+            props.onEnter?.(keyboardRef.current?.getInput() || '');
+          }
+          props.onKeyPress?.(key);
+        }}
         theme={layoutClassName}
       />
     </View>
diff --git a/packages/loot-core/src/shared/arithmetic.ts b/packages/loot-core/src/shared/arithmetic.ts
index 0d595d1b770..d217ee2dd5a 100644
--- a/packages/loot-core/src/shared/arithmetic.ts
+++ b/packages/loot-core/src/shared/arithmetic.ts
@@ -1,17 +1,29 @@
 // @ts-strict-ignore
 import { currencyToAmount } from './util';
 
-function fail(state, msg) {
+// These operators go from high to low order of precedence
+const operators = ['^', '/', '÷', '*', '×', '-', '+'] as const;
+type ArithmeticOp = (typeof operators)[number];
+
+type ArithmeticAst =
+  | number
+  | { op: ArithmeticOp; left: ArithmeticAst; right: ArithmeticAst };
+
+type ArithmeticState = { str: string; index: number };
+
+const parseOperator = makeOperatorParser(...operators);
+
+function fail(state: ArithmeticState, msg: string) {
   throw new Error(
     msg + ': ' + JSON.stringify(state.str.slice(state.index, 10)),
   );
 }
 
-function char(state) {
+function char(state: ArithmeticState): string {
   return state.str[state.index];
 }
 
-function next(state) {
+function next(state: ArithmeticState): string {
   if (state.index >= state.str.length) {
     return null;
   }
@@ -21,7 +33,7 @@ function next(state) {
   return ch;
 }
 
-function nextOperator(state, op) {
+function nextOperator(state: ArithmeticState, op: ArithmeticOp) {
   if (char(state) === op) {
     next(state);
     return true;
@@ -30,7 +42,7 @@ function nextOperator(state, op) {
   return false;
 }
 
-function parsePrimary(state) {
+function parsePrimary(state: ArithmeticState): number {
   // We only support numbers
   const isNegative = char(state) === '-';
   if (isNegative) {
@@ -50,7 +62,7 @@ function parsePrimary(state) {
   return isNegative ? -number : number;
 }
 
-function parseParens(state) {
+function parseParens(state: ArithmeticState): ArithmeticAst {
   if (char(state) === '(') {
     next(state);
     const expr = parseOperator(state);
@@ -66,7 +78,7 @@ function parseParens(state) {
   return parsePrimary(state);
 }
 
-function makeOperatorParser(...ops) {
+function makeOperatorParser(...ops: ArithmeticOp[]) {
   return ops.reduce((prevParser, op) => {
     return state => {
       let node = prevParser(state);
@@ -78,15 +90,15 @@ function makeOperatorParser(...ops) {
   }, parseParens);
 }
 
-// These operators go from high to low order of precedence
-const parseOperator = makeOperatorParser('^', '/', '*', '-', '+');
-
-function parse(expression: string) {
-  const state = { str: expression.replace(/\s/g, ''), index: 0 };
+function parse(expression: string): ArithmeticAst {
+  const state: ArithmeticState = {
+    str: expression.replace(/\s/g, ''),
+    index: 0,
+  };
   return parseOperator(state);
 }
 
-function evaluate(ast): number {
+function evaluate(ast: ArithmeticAst): number {
   if (typeof ast === 'number') {
     return ast;
   }
@@ -99,8 +111,10 @@ function evaluate(ast): number {
     case '-':
       return evaluate(left) - evaluate(right);
     case '*':
+    case '×':
       return evaluate(left) * evaluate(right);
     case '/':
+    case '÷':
       return evaluate(left) / evaluate(right);
     case '^':
       return Math.pow(evaluate(left), evaluate(right));
@@ -112,7 +126,7 @@ function evaluate(ast): number {
 export function evalArithmetic(
   expression: string,
   defaultValue: number = null,
-) {
+): number {
   // An empty expression always evals to the default
   if (expression === '') {
     return defaultValue;
@@ -129,3 +143,14 @@ export function evalArithmetic(
   // Never return NaN
   return isNaN(result) ? defaultValue : result;
 }
+
+export function hasArithmeticOperator(expression: string): boolean {
+  return operators.some(op => expression.includes(op));
+}
+
+export function lastIndexOfArithmeticOperator(expression: string): number {
+  return operators.reduce((max, op) => {
+    const index = expression.lastIndexOf(op);
+    return index > max ? index : max;
+  }, -1);
+}