# Inter account transfer enhancement **URL:** \ **Category:** Uncategorized\ **Created:** [November 13, 2017, 10:25am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705 "2017-11-13T10:25:29Z")\ **Posts on this page:** 18\ **Page:** 2
**Author:** ![Brucanna](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/brucanna/32/1960_2.png) [@Brucanna](https://forum.manager.io/u/Brucanna)\ **Post date:** [November 16, 2017, 1:49am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/21 "2017-11-16T01:49:51Z")
> [@Tut](#): > > Problems arise when you start doing this with multiple banks, and no bank is going to process a multi-bank transfer as a single transaction. They couldn’t do it. You keep arguing from the banks operating perspective - how the banks internally process events is totally and utterly irrelevant. You, not the bank, make a series of withdraws and deposits which are recorded on their statements which align with your “single” Manager Inter Account Transfer transaction - with everything being reconcilable. Or put it this way - you go for a walk, in bank A you withdraw from the cheque account 250 and deposit 100 to the saving account then you go to bank B and deposit 100 on the credit card, at bank C you withdraw another 150 from the transaction account and at bank D you deposit 200 on the overdraft. On arriving home you open Manager and create a “single” Inter Account Transfer covering all events. The mechanical movement of the funds (walking / carrier pigeon / electronic) is as mentioned - irrelevant, the recording of the funding transactions - the accounting entry - is very relevant. > [@Tut](#): > > (1) The user is only specifying the accounts according to what he or she has named them. (2) That doesn’t guarantee the accounts are or are not in the same institution. (3) So the logic is required to prevent entry of transfers that cannot happen in real life. (4) It isn’t an issue until you raise the possibility of multiple banks on either the origin or destination end. (1) True (2) Does it matter if they are or not in the same institution. We are not discussing a user’s online electronic transfers within an institution here. (3) If the user has created a Manager Bank Account, then Manager by default accepts that it can be transferred to/from - Manager can’t validate its actual usage in real life (4) Why does multiple over single make it an issue - if the account can be selected, it can be selected in both single and multiple, once again we aren’t talking user online electronic transfers. > [@Tut](#): > > entering transactions that, in real life, cannot occur the way they’ve been entered in Manager. Generally users record the events that have already occurred in real life, uncertain as to how many users create a transaction scenario first then try to make it fit real life. > [@Tut](#): > > The teller’s counter serves as a clearing account. Which is exactly what Manager’s Inter Account Transfer is doing in the background - serving as a clearing account, it doesn’t post the “teller’s” double entry contra transactions. > [@Tut](#): > > (1) What do her teller vouchers look like? (2) Does she end up with just one or are there several? (3) And what would she do if she wanted to transfer some of that money to the bank next door where she took out a credit card (1) Doesn’t know, she never sees them as they are bank internal documents. (2) None, single electronic withdraw entry (3) The credit card is with a different institution but payable at the withdrawing institution. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [November 16, 2017, 2:23am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/22 "2017-11-16T02:23:27Z")
You seem to want to argue over how many angels can dance on the head of a pin. All the things you say are technically correct. My concern was that multi-account/multi-bank transfers are likely to get many users into trouble and will be difficult for them to reconcile. My point of view boils down to two things: - Most if not all banks will do single account to single account transfers, so why not follow that pattern. - Cloning is where the big savings of effort will occur. So I’d rather see that than multi-account transfer capability. But this is not my decision to make. And if the feature is added, I won’t be able to use it because my banks don’t operate that way. Despite your claim that we are not discussing online electronic transfers, I specifically was. That’s almost the only kind I make, both within and between institutions. And I do it several times per week. But if I physically go to the bank, they use the exact same software screens I do. So their capabilities are identical to mine. Enough said. ---
**Author:** ![Brucanna](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/brucanna/32/1960_2.png) [@Brucanna](https://forum.manager.io/u/Brucanna)\ **Post date:** [November 16, 2017, 3:19am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/23 "2017-11-16T03:19:33Z")
> [@Tut](#): > > Despite your claim that we are not discussing online electronic transfers, I specifically was Yes, which was contrary to the thrust of the topic. “Inter Account Transfer Enhancement” is about expanding the scope / usage of the feature beyond being limited to users simplistic electronic transfers where required - whereas banks do a single “statement” withdraw to create multiple “statement” deposits both internally and externally of the paying institution. Cloning wouldn’t suffice here. ---
**Author:** ![Abeiku](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/abeiku/32/44970_2.png) [@Abeiku](https://forum.manager.io/u/Abeiku)\ **Post date:** [November 17, 2017, 1:46pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/24 "2017-11-17T13:46:44Z")
Inter Account Transfer Cloning has been added to the latest version (17.11.15) ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [November 22, 2017, 11:34pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/25 "2017-11-22T23:34:09Z")
@Abeiku, do you still think your suggestion makes sense after addition of cloning? If not, I am going to remove it from the ideas category. ---
**Author:** ![Abeiku](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/abeiku/32/44970_2.png) [@Abeiku](https://forum.manager.io/u/Abeiku)\ **Post date:** [November 23, 2017, 2:06pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/26 "2017-11-23T14:06:48Z")
It still does, transferring cash to different cash accounts will be faster. It would be useful for me, and for many of others. But depends on the work that will needs to be done to get it. There are more important features needed (Enhancing Limited user access, Purchase/sales order balance tracking, etc) ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [November 23, 2017, 2:32pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/27 "2017-11-23T14:32:42Z")
That’s what I thought you would say. Just wanted to clarify. I’ll leave it as an idea. ---
**Author:** ![ismail](https://avatars.discourse-cdn.com/v4/letter/i/779978/32.png) [@ismail](https://forum.manager.io/u/ismail)\ **Post date:** [June 27, 2018, 2:58pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/28 "2018-06-27T14:58:07Z")
Hi, Just got through this communication - in ideas. my requirement is to do inter account transfer from the"import bank statement" currently i do the transactions through ‘import data’ and allocate expenses to appropriate accounts. but have to delete the inter account transfer and do it manually. Good if inter account transfer is allowed in the import bank statement. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [June 27, 2018, 3:35pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/29 "2018-06-27T15:35:30Z")
@ismail, your suggestion has been raised in other topics many times. And the reasons it won’t work have been explained many times. Briefly, the reason is that an imported statement has only half the picture. ---
**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:** [June 30, 2018, 1:18am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/30 "2018-06-30T01:18:43Z")
@ismail, 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. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [June 30, 2018, 2:14am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/31 "2018-06-30T02:14:53Z")
@ismail, note that an _Inter-account transfers_ account will only contra to zero after statements from all banks involved in the transfers have been imported. If you import only one, the amount of the transfer will reside in the transfer account until you import the other. ---
**Author:** ![Abeiku](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/abeiku/32/44970_2.png) [@Abeiku](https://forum.manager.io/u/Abeiku)\ **Post date:** [April 20, 2024, 12:06pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/32 "2024-04-20T12:06:39Z")
@lubos I’m removing this from ideas since cash accounts have now been exposed for journal entries. ---
**Author:** ![Patch](https://avatars.discourse-cdn.com/v4/letter/p/a183cd/32.png) [@Patch](https://forum.manager.io/u/Patch)\ **Post date:** [April 20, 2024, 12:33pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/33 "2024-04-20T12:33:35Z")
Imo the title of this thread has NOT been resolved. But that maybe better encapsulated in this ideas thread [Ability to convert two transactions to a Inter Account Transfer - #11 by Patch](https://forum.manager.io/t/ability-to-convert-two-transactions-to-a-inter-account-transfer/31886/11) In contrast the user program functionally has been added, so the body of this idea has been implemented even if it is probably a retrograde step for a general inter account transfer system in Manager which can reliably used by most users imo. ---
**Author:** ![Paul\_Andersen](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/paul_andersen/32/42335_2.png) [@Paul\_Andersen](https://forum.manager.io/u/Paul_Andersen)\ **Post date:** [April 21, 2024, 11:05pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/34 "2024-04-21T23:05:06Z")
Perhaps not specifically on topic, but i always find these discussing interesting around bank transactions. As an accountant working with a number of business and a tutor accounting trans actions are entered from various sources at the time of the transaction and when importing of bank statements it is purely a reconciliation exercise NOT a transaction capture exercise. The only exceptions might be Credit Card, Pay Pal and similar transactions. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [April 22, 2024, 3:27am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/35 "2024-04-22T03:27:32Z")
> [@Paul\_Andersen](#): > > when importing of bank statements it is purely a reconciliation exercise NOT a transaction capture exercise. I think many users would take issue with that perspective. Lots have explicitly expressed the fact that they never enter a transaction manually. Further, if you have already entered transactions, there is no point in importing a statement, because you would have to delete the transactions immediately. Importing is not designed as a reconciliation tool. There is an entirely separate process for that. ---
**Author:** ![Paul\_Andersen](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/paul_andersen/32/42335_2.png) [@Paul\_Andersen](https://forum.manager.io/u/Paul_Andersen)\ **Post date:** [April 22, 2024, 4:40am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/36 "2024-04-22T04:40:57Z")
@Tut I understand your comment and appreciate many user would not enter transactions as they go just importing from Bank Statements periodically. I have found that when I import a Bank Statement and the import mechanism recognizes a transaction already present it does NOT important that specific transaction … yes on occasion and transaction already entered is not recognized during importing so there may be one or two transactions doubled up and require deleting. ---
**Author:** ![Patch](https://avatars.discourse-cdn.com/v4/letter/p/a183cd/32.png) [@Patch](https://forum.manager.io/u/Patch)\ **Post date:** [April 22, 2024, 9:31am UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/37 "2024-04-22T09:31:42Z")
> [@Paul\_Andersen](#): > > I have found that when I import a Bank Statement and the import mechanism recognizes a transaction already present it does NOT important that specific transaction Imo enhancing this functionality would be a desirable enhancement for Manger see [Bank imports and transfers - #58 by Patch](https://forum.manager.io/t/bank-imports-and-transfers/36352/58) It would: - result in a neat solution to inter account transfers duplicate transaction matching - Facilitate mixed manual and bank import data entry allowing each to be used when a particular method is optimal - Result in a very streamlined reconciliation However my reading of the forum mood is it is unlikely to happen ---
**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, 8:25pm UTC](https://forum.manager.io/t/inter-account-transfer-enhancement/12705/38 "2026-07-05T20:25:22Z")
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