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Advanced Accounting (Pro)
How do I track my Bank Transfers? (Pro)
How do I track my Bank Transfers? (Pro)
Ashleigh Rockwell avatar
Written by Ashleigh Rockwell
Updated over a week ago

Another advanced feature included with Hurdlr Pro is managing your Bank Transfers. Transfers between your linked bank accounts will be automatically labelled with a green Bank Transfer label. If needed, you can also manually label any income or expense transaction as a Bank Transfer.

Any bank transfers you track will be reflected in your General Ledger and ensure your Chart of Accounts reflects the correct account balances.

For your linked bank accounts, relevant transactions will automatically pull into your expenses or income tab as pending transactions with a green label reading “Bank Transfer.” From there, you can click the “Bank Transfer” button to confirm that this is a bank transfer. You can also click the “Not Bank Transfer” button if the transaction is not a bank transfer. If you select the “Not Bank Transfer” option, the transaction will be converted to a normal income or expense transaction for you to categorize.

If needed, you can manually convert a normal income or expense transaction to a Bank Transfer. To do so, click on the transaction to expand it, then check “This is a Bank Transfer” at the bottom. Converting the transaction to a Bank Transfer will also automatically create a general ledger entry and add the green Bank Transfer label to the transaction. Additionally, the corresponding transaction with matching values (I.e to and from the same accounts, respectively) will also be tagged as a Bank Transfer.

If you want to view your Bank Transfers, you can even filter your expenses and income to show only Bank Transfer transactions. Click the Type filter drop down menu, then select Bank Transfers to view just these transactions.

Important Note: These transfers do not impact on your total income or expenses, so they will not be reflected in those overviews or reports.

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