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Transfers

Transfers represent money moving between two accounts you own.

Transfer Fields​

A transfer includes:

  • From Account
  • To Account (must differ from the source account)
  • Amount
  • optional description
  • recurrence type: once, monthly, quarterly, or yearly (default: once)
  • start date
  • optional end date

Source and target currency are taken from the two accounts. There is no conversion of the target amount when you create a transfer.

Page Layout​

The page shows a Monthly Transfers card (the sum of monthly transfers only) and the sections Recurring and One-Time.

Editing​

Transfers cannot be edited. To change one, delete it and create it again.

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. Transfers do not count in the dashboard income and expense totals.

Transfers and Reserves​

Planned transfers to your reserve account count towards the pot balance of the reserve plan. The plan compares the planned monthly amount with the monthly rate you need and warns with "Standing order too low" if it falls short.