FINSYNC users should be careful when accounting for transfers between two synced bank accounts. If not, the bank account and reporting may get out of sync because of double counts.
In this example, we're transferring $750 from an operating account to a Money Market account (both synced to FINSYNC).
Be sure the transaction has been imported on both accounts before attempting to match them. The amounts should be identical with one being a Deposit and the other being a Withdrawal/Payment.
1. Click Banking from the top menu.
2. Select the correct bank account from the left-hand list of your accounts. If you only have one account synced, you can skip this step (FINSYNC automatically selects the account if only one exists).
3. Find the Deposit transaction on the operating account and use the ellipses on the far right to choose Match with Transfer.
Note: You can initiate the match from the other account as well by finding the Withdrawal.
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4. Use the dropdown to select the bank account where you will find the payment transaction.
5. The system will now display any unmatched transactions of the same amount on that account.
Note: You can usually identify the correct transaction by matching the dates.
6. Click the row of the transaction to select it. The row will turn black and you can Save.
You have now properly accounted for the transfer between your two bank accounts and your reports should reflect it correctly!
You can verify that the transaction is Matched by expanding the transaction row to see the Matched with Transfer indicator.
Related Articles:
How To Split Bank Transactions
Overview of Banking Transaction Fields
Adding Attributes to Bank Transactions
How to Enable/Disable ACH Transfers