You can as explained by @Davide " You can use a “inter account transfer” account. You will make a payment from account A to this new account and a receipt to account B from this new account as well.
No you don’t. Let’s assume Bank A has funds being transferred to Bank B
Bank A’s imported statement’s payment would have a bank rule to be posted to “clearing account”
Bank B’s imported statement’s receipt would have a bank rule to be posted to “clearing account”
Read this edited extract:
If you use imported statements entry then you need to process the Bank Rule via a clearing account.
Bank Transfers are two separate accountings transactions not a single transaction.
1.Bank A: Spend Money - Credit Bank A and Debit ???
2.Bank B: Receive Money - Debit Bank B and Credit ???
The Inter Account Transfer tab feature in Manager allows you to truncate that to a single entry - Credit Bank A and Debit Bank B. However, when importing bank statements and using Bank Rules, the processing of the two transactions is still required because (rightfully) Manager’s Bank Rules prevents any allocation directly between bank accounts otherwise you would have duplicate transactions as demonstrated below.
If you substituted the ??? for the opposing Bank you would now have:
1.Bank A: Spend Money - Credit Bank A and Debit Bank B
2.Bank B: Receive Money - Debit Bank B and Credit Bank A
The Bank A account now has two credit entries and the Bank B account now has two debit entries - hence the duplication. So to use Import Bank Statement you just need in the Bank Rule to post the opposing debit/credit entry to a clearing account, where the contra will cancel themselves out.
1.Bank A Spend Money - Credit Bank A and Debit Clearing Account
2.Bank B Receive Money - Debit Bank B and Credit Clearing Account
The Clearing Account can be created as either a Current Asset or Current Liability but not an Equity account.