# Ability to convert two transactions to a Inter Account Transfer **URL:** \ **Category:** Uncategorized\ **Created:** [December 4, 2020, 9:09am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886 "2020-12-04T09:09:43Z")\ **Posts on this page:** 13\ **Page:** 1
**Author:** ![emmegi](https://avatars.discourse-cdn.com/v4/letter/e/e47c2d/32.png) [@emmegi](https://forum.manager.io/u/emmegi)\ **Post date:** [December 4, 2020, 9:09am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/1 "2020-12-04T09:09:43Z")
I would like to propose a feature whereby it allows to select two transactions and convert them to an Inter Account transfer. Since i work with two bank accounts in different currencies i would prefer to use the Inter Account Transfer when representing the movement of funds from one account to another, This allows to more accurately represent any gains or losses from the resulting exchange. Most of the time i am importing transactions into Manager by means of bank statements and this convert feature would greatly help streamlining my bookkeeping. ---
**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\ **Post date:** [December 4, 2020, 9:17am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/2 "2020-12-04T09:17:26Z")
I was thinking about this what would be the best way to faciliate this. And I think the solution is to have built-in account called `Inter-account transfers`. This is account where you’d post transactions which could be paired up. Then once viewing transactions within this account, you could do the pairing process. This is not something that would be required as it would not change your financial statements but it would be useful to find bookkeeping errors. ---
**Author:** ![Joe91](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/joe91/32/35781_2.png) [@Joe91](https://forum.manager.io/u/Joe91)\ **Post date:** [December 4, 2020, 9:17am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/3 "2020-12-04T09:17:30Z")
How would you propose to link the two transactions? This would still have to done manually, so entering an Inter-account transfer isn’t that much more effort ---
**Author:** ![emmegi](https://avatars.discourse-cdn.com/v4/letter/e/e47c2d/32.png) [@emmegi](https://forum.manager.io/u/emmegi)\ **Post date:** [December 4, 2020, 9:22am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/4 "2020-12-04T09:22:49Z")
doing it manually is error prone. You have to create the transfer but also you need to delete the imported transactions. if there was a feature you’d only need to make sure that you’re selecting the correct pair ---
**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\ **Post date:** [December 4, 2020, 9:22am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/5 "2020-12-04T09:22:55Z")
> [@Joe91](#): > > This would still have to done manually, so entering an Inter-account transfer isn’t that much more effort If you are importing your bank transactions and using bank rules, you can end up with the correctly categorized transactions with almost zero effort. Bank rules are useful to categorize your internal transfers between bank accounts into some equity account. Now, this equity account should have zero balance if everything is imported. For every debit, there will be a corresponding credit. But often, that’s not the case due to bookkeeping errors. By having a method to pair transactions up within this account, you can find the bookkeeping error faster. ---
**Author:** ![Patch](https://avatars.discourse-cdn.com/v4/letter/p/a183cd/32.png) [@Patch](https://forum.manager.io/u/Patch)\ **Post date:** [December 4, 2020, 11:46am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/6 "2020-12-04T11:46:37Z")
Sounds sensible to me. Computer matching transactions can be done by successive matching from exact multi field, to approximate partial fields. Followed by user conformation with matching exactness displayed via colour or other means. Similar to what was described here [Idea: Enhanced Bank import / Bank reconciliation](https://forum.manager.io/t/idea-enhanced-bank-import-bank-reconciliation/23961) ---
**Author:** ![emmegi](https://avatars.discourse-cdn.com/v4/letter/e/e47c2d/32.png) [@emmegi](https://forum.manager.io/u/emmegi)\ **Post date:** [February 19, 2021, 6:35pm UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/7 "2021-02-19T18:35:16Z")
One way to do this which would work perfectly in my case is, you start by importing transactions from bank statements like normal. The transactions in question are assigned to the ‘Transfer clearing’ account with a status of pending. The new feature would then be in the Create Inter Account Transfer dialog. This would allow to select the source bank account and a dropdown would list the transactions that are flagged as transfer clearing and pending. then you select the destination bank account and here as well a dropdown lists the corresponding transactions that are in the Transfer clearing and pending. Once the Inter Account Transfer is saved, the corresponding transactions from the two bank accounts are removed and replaced with the new Inter Account Transfer record. I think this would help immensely to make the job of specifying inter account transfers so much cleaner. ---
**Author:** ![Patch](https://avatars.discourse-cdn.com/v4/letter/p/a183cd/32.png) [@Patch](https://forum.manager.io/u/Patch)\ **Post date:** [February 19, 2021, 9:00pm UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/8 "2021-02-19T21:00:28Z")
Or a bank rule which creates half an inter account transfer. - When the first bank account is imported the second bank account is left unspecified. - bank import from the second bank account would then select the matching half specified inter account transfer (if a computer match was safe). - alternatively a user could choose to complete the inter account transfer manually by manually specifying the second account (individually or by a find and recode type facility) - alternatively the inter account transfer bank rule could have an optional parameter which enable the user writing the bank rule to specify the second account (similar to specifying a customer or supplier for imported “cash” transactions) ---
**Author:** ![AJD](https://avatars.discourse-cdn.com/v4/letter/a/a9adbd/32.png) [@AJD](https://forum.manager.io/u/AJD)\ **Post date:** [February 20, 2021, 1:43am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/9 "2021-02-20T01:43:21Z")
> [@Patch](#): > > alternatively the inter account transfer bank rule could have an optional parameter which enable the user writing the bank rule to specify the second account (similar to specifying a customer or supplier for imported “cash” transactions) I think that this would be the best option, but for inter account transfer bank rule have two amount fields for each line of the transaction, a primary amount field and a secondary amount field. The file import bank account would be allocated the primary field and the nominated bank account would be allocated the secondary field, with status of cleared if the primary field contains an amount and the status pending if only the secondary field contains an amount. ---
**Author:** ![emmegi](https://avatars.discourse-cdn.com/v4/letter/e/e47c2d/32.png) [@emmegi](https://forum.manager.io/u/emmegi)\ **Post date:** [February 22, 2021, 7:43am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/10 "2021-02-22T07:43:50Z")
I just realized that @lubos had already mentioned a way it could be done with a new account for inter-account. That will make it possible to flag transactions of this kind automatically with bank rules. However, the pairing process is manual, which i don’t mind, considering that it will become much easier to define the inter account transaction. To note also that inter-account transfer can happen between accounts of different currencies ---
**Author:** ![Patch](https://avatars.discourse-cdn.com/v4/letter/p/a183cd/32.png) [@Patch](https://forum.manager.io/u/Patch)\ **Post date:** [August 10, 2023, 9:42am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/11 "2023-08-10T09:42:32Z")
> [@emmegi](#): > > doing it manually is error prone. You have to create the transfer but also you need to delete the imported transactions. Two solutions have been proposed Options 1 > [@Inter account transfer enhancement](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/30): > > if you are importing bank statements, then it’s better to have equity account called `Inter-account transfers` and bank rule which will automatically allocate transfers to this account. Transactions in this account should contra themselves so the balance should always come to zero. > > This is why I made `Inter-account Transfers` a separate tab. It should be used only if you want to record transfers between bank and cash accounts manually. Options 2 > [@lubos](#): > > I was thinking about this what would be the best way to faciliate this. And I think the solution is to have built-in account called `Inter-account transfers`. This is account where you’d post transactions which could be paired up. Then once viewing transactions within this account, you could do the pairing process. I like option 2 better but would like most to use an approach which is compatible going forwards. I suppose - Maintaining future compatibility can be done by continuing to manually creating inter account transfers and manually deleting the corresponding imported transactions until the built in `Inter-account transfers` account is available - but if option 2 will never be available, living with option 1 (a user created `Inter-account transfers` account and disabling the `Inter-account transfers` tab) is probably more efficient. ---
**Author:** ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos)\ **Post date:** [April 30, 2024, 1:30am UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/12 "2024-04-30T01:30:01Z")
This has been added to the latest version (24.4.30) > [@Added ability to merge receipts and payments into inter account transfers](https://forum.manager.io/t/added-ability-to-merge-receipts-and-payments-into-inter-account-transfers/53220): > > The latest version (24.4.30) adds ability to merge receipts and payments into inter account transfers. This is useful feature when importing your bank transactions (which is most businesses). It allows to categorize your receipts and payments as “Inter Account Transfers” which can be automatically merged into inter account transfers. How it Works Let’s say we have the following bank and cash accounts: When categorizing your payments and receipts which represent transfers between you… ---
**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\ **Post date:** [July 5, 2026, 7:55pm UTC](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/13 "2026-07-05T19:55:05Z")
Solved topics older than 3 years that are still open