GuideIncome, Expenses & Accounts
Multi-Account Transfers & Balance Reconciliation.
3 min read
Move money between your bank accounts and cash drawers without skewing your profit and loss.
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#Why Use Transfers Instead of Income/Expense?
Transferring funds from your Commercial Bank account to Petty Cash is not an expense—it is simply moving assets. Transfers update account balances without altering Net Profit.
- Preserves accuracy of your Profit & Loss statement
- Prevents artificial inflation of revenue or expense totals
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#Executing a Transfer
Go to Accounts > "Transfer Money". Pick the "From Account", the "To Account", date, and amount.
- Both account ledgers update synchronously
- Add transfer notes (e.g. "ATM withdrawal for petty cash float")
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