Record Money Transfers

Record movement between cash and bank accounts without confusing it with sales, purchases, or income.

Step-by-step guide

1. 1

   Identify the source and destination

   Before recording a transfer, decide where the money is moving from and where it is going, such as cash to bank, bank to cash, or one bank account to another.

2. 2

   Use transfer action if available

   In Cash & Bank, use the transfer option if it is available in your app version. Select the source account, destination account, amount, date, and reference note.

3. 3

   Do not record transfers as income

   A transfer only moves your own money between accounts. Do not record it as a sale, customer payment, purchase, or expense unless it actually belongs to that workflow.

4. 4

   Add a reference note

   Use a clear note such as cash deposited to bank, owner transfer, or bank withdrawal. This helps explain the entry when you review reports later.

5. 5

   Check both account balances

   After saving, confirm that the source account reduced and the destination account increased by the same amount. If the option is unavailable, contact support for the best workflow.