What's the correct way of dealing with the following.... we have two bank accounts and I make transactions between them to keep a sensible balance in our main account and have the rest of the funds in an interest bearing savings account. So let's say I have moved 10,000 from current to saving. When I import the bank statement into CT I then have an outgoing transaction against a cost code called XXXX Balance transfer out and on the savings account I have a receipt of 10,000 against a cost code YYYY Balance transfer in... so far so good. But can I tie these two somehow together so that when I report on my annual accounts or total funds balances I do not show this in receipts and outgoings as effectively they are not true receipts or outgoings. They just inflate either of the categories by that amount while it is fund net neutral. I somehow want to exclude those transactions from my statement of accounts (if that is indeed OK to do).
Hi JLWT, sorry for the late post! So, today you would enter this transaction as an Account Transfer (Transfers > Account Transfers) from your current account to savings account. This will only show in your account balances and balance sheet report.
However, where you are importing the transactions, say from your bank statement, you will need to remove the transfer line(s) when you've generated your Draft Import Lines. This is because the Import Transaction process does not support account transfers today. Once you have completed the import you can then create a manual Account Transfer as above for this transaction.
Please note that the ability to import account transfers via the Import Transaction process is on our roadmap.