[GNC] Recording/Reporting transfers between accounts

[Adrien Monteleone]

Finbar,

Not sure what screen you are viewing here.

Are you entering the transfer directly as a transaction into an asset register or are you using the Transfer button that opens another window to handle entering the transfer?

I normally run with Preferences > Accounts > Labels > Use formal accounting labels, so I only deal with ‘debit’ and ‘credit’ labels. I find this much easier to comprehend than having different labels depending on which type of account I am in.

But with that setting turned off, I still don’t see a ’transfer’ box in a checking (or any other asset) register. I see ‘deposit’ and ‘withdrawal’. (spend/receive if in a cash account, increase/decrease for any generic asset)

If I use the Transfer button, then I see a section of the window with ’Transfer from:’ and ’Transfer to:’ those should be pretty self explanatory.

If you are doing this in the register, the left column is always ‘debit’ and the right column is always ‘credit.’ (even if you aren’t using formal labels)

So if you are transferring money from say checking to savings, open the checking register,

Enter a transaction with the amount you are putting into savings (assigned to the savings account) in the left column. (debit)
Enter the second split with the same amount assigned to the current account (checking) in the right column. (credit)

For reporting, you have at least 3 choices:

Cashflow report limited to only the asset accounts you want to see transfers between.
Transaction report limited to only those same asset accounts
Register report for any one asset account optionally filtered to show only transactions involving one or more other asset accounts which might have transfers.

Hope that helps,

Regards,
Adrien

> On Feb 1, 2019, at 8:31 AM, Finbar Mahon <mahon.finbar at neuf.fr> wrote:
> 
> Hello,
> 
> At year end I need to record the transactions that have been made between accounts.
> 
> Firstly, I am not sure of the logic to  be used -
> 
> So, if I want to transfer €1000 to another a/c, I fill in 'transfer to x' in description; what do I put in the 'transfer' box ? - 'assets account from which transfer is to be made'? and €1000 in 'withdrawal'?
> 
> OK, assuming that is right then the transferred to a/c should show €1000 in the deposit window?
> 
> To check what transfers I made after a period, can I create a report? If so, under what heading in reports?
> 
> TIA Finbar