Transfers between accounts

What it is

A transfer is your own money in a different pocket. Neither income nor spending: it stays out of the expense reports and does not distort the month.

The «Transfer» button is at the top of the «Accounts» screen.

Changing currency at your rate

This is what it was built for. You enter two amounts: what left and what arrived. The app works out the rate and shows it underneath, so you can check it against the receipt.

After that you simply spend from the peso account all month. The market will move; your transaction does not care, it already happened at your rate.

Why two amounts and not a rate

You know what left and what arrived — it is on the receipt. A rate is what you get by dividing and rounding, and the rounding ends up in the balance. When both accounts hold the same currency the second box does not appear at all.

Other uses

• Took cash out of an ATM: transfer from the card to the «Cash» account, then record spending from there.
• Put money aside: transfer into the goal's account.
• Paid yourself back: transfer it back.

Got it wrong? Delete it

Recent transfers are listed under the heading on «Accounts», each with a «Delete» button. Deleting removes both sides at once, the money out and the money in. There is no such thing as half a transfer.

What a transfer will not do

You cannot move more than the account holds: a normal account does not go negative. If you need negative, that is a credit card, and those live in the «Cards» section.

If both accounts are in the same currency

The second field simply is not there: there is one amount, and no exchange rate involved. Two fields appear only when the accounts hold different currencies.

The rate is written into the transaction

The rate that falls out of your two amounts is shown as a caption — you can check it against the receipt — and stored inside the transaction. That matters more than it looks: the market will move within a month, and your transaction stays at the rate it actually happened at. Past months are not rewritten after the fact.

You cannot transfer more than there is

An ordinary account does not go negative, and the app stops a transfer that would take it there. If a negative balance is genuinely what you mean, that is a credit card, and it lives in its own section.

What a transfer does to the reports

Nothing, and that is its main virtue. A transfer is neither income nor expense: it stays out of spending by category, does not spoil the month's balance and takes no part in the forecast. If it did, a cash withdrawal would count as spending twice — once on withdrawal and once at the till.

Cash is the only money no app can see by itself, and the withdrawal is the moment that matters: how to track cash spending. On a trip the card's own rate is added on top, and it is not the market one — tracking spending on a trip abroad.