Suggestion to improve workflow inter bank transfers

You’ve deposited money from your current bankaccount to your savings account and need to transfer that money in from your business account to your savings account.

This suggested improvement would reduce the current steps it takes to do that a lot and would look like this:

  1. After importing your latest bankstatements in both accounts you open up the ‘Uncategorized transactions’ in the business account.
  2. You press the arrow on the edit button and choose “convert to transfer”.
  3. You are now taken to the “interaccount transfer - new transfer” screen with the date, description, source account* and amount of money already filled in. All that remains for you is to choose your savings account from the “received in” field and click convert.
  4. The system automatically deletes the old record that existed in the previous screen + the corresponding record in the savings account (the word ‘delete’ could also be replaced with the word ‘replace’)…

*depending on whether the amount of money is positive or negative the source account will either be automatically entered to “Paid from” or “Received in” field.

Why not use a Bank Rule, importing your bank statement will then auto allocate to a clearing account without you doing anything extra.

The problem I see with your suggestion is that you are only referring to the first statement import, the business account, what occurs when you do the second account import, the savings account.

Because they would cancel each out, right? Yes, that would work and be a better solution in most circumstances unless you don’t control the bankaccount and the description would look something like this: /EREF/NOTPROVIDED// .

You have a point, I edited my response to account for that. Step 4 would also include the program deleting the 2nd account import by matching the date, amount, description and second account entered by the used (info from the 2nd screen).

That being said, again: your way will work better for most cases. Thank you for your input.