Transfers

Transfers represent money moving between two accounts you own.

Transfer Fields

A transfer includes:

• source account
• target account
• amount
• optional description
• recurrence type: once, monthly, quarterly, or yearly
• start date
• optional end date
• source currency and target currency
• target amount and exchange rate metadata when currencies differ

When to Use Transfers

Use transfers for account-to-account movement such as:

• checking to savings
• savings to investment account
• card settlement between accounts
• recurring monthly savings transfers

Do not model transfers as an expense plus an income. That will distort cashflow analytics.