Recording a transfer

A transfer is money moved between two of your own accounts. Paying off a credit card from your current account, say, or moving something across to savings.

Why transfers are kept apart

A transfer isn’t income and it isn’t spending. It’s your own money changing places. So it never gets a category, and it never counts toward your budgets or your insights. Counting it would double up money that never actually left your household.

What Quidough needs

Two different accounts and an amount. If the two accounts are in different currencies, it also needs the amount that lands in the other one.

As with a transaction, if you try to save with a gap, Quidough marks what’s missing right where it is, including nudging you to pick a different account if both ends point at the same one.

Between currencies

When you transfer between accounts in different currencies, Quidough records the rate you used and keeps both sides exactly as you entered them. There’s no later correction that quietly changes the figures. Currency conversion covers how the rates work.

The date

The same rule applies as for transactions: today or earlier, never ahead. If you pick a date that hasn’t arrived, Quidough offers to set it up as a scheduled transfer instead, so you record it when the money actually moves. If you’d rather just correct the date, that’s a tap away too.