There are many different scenarios in which you may move money between your accounts, including:
Paying off your credit card
Moving money from checking to savings
Taking an Owner’s Draw
These transactions are not true income or expenses, so you’ll want to be sure to account for them properly in Hurdlr depending on your subscription level.
Tracking Transfers with Hurdlr Premium
As a Hurdlr Premium user, payments you make to yourself or transfers between accounts should be marked as Personal or deleted. While these might be valid accounting transactions, they're not tax-relevant items per the IRS and tracking them as business income or expenses could cause inaccuracies with your data and reporting. .
For example, if you tracked both the individual expenses from your credit card as well as the credit card payment as business expenses, it would duplicate your expense total. Instead, you should track the individual expenses from your credit card, then delete the credit card payment or tag it as personal.
Tracking Transfers with Hurdlr Pro
As a Hurdlr Pro user, you can mark transfers between accounts as Bank Transfers and can mark payments to yourself as Owner’s Draw.