Question about Transfers

Posted by Don in San Antonio on January 13, 2007, 9:46 pm

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When creating a transfer transaction should the transaction type be XFER
in the withdrawal account and DEP in the receiving account or should
both be XFER type transactions?

Posted by Bob L. on January 14, 2007, 5:53 pm

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* Don in San Antonio wrote:

> When creating a transfer transaction should the transaction type be XFER

> in the withdrawal account and DEP in the receiving account or should

> both be XFER type transactions?

As far as I know it really doesn't matter. That is I can't think of any
reports etc that use it. In fact you can type whatever you want in that
field in the register. You can also "transfer" just be using the
transfer account from the category drop-down box.

Bob L.

Posted by Don in San Antonio on January 14, 2007, 10:00 pm

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|* Don in San Antonio wrote:
| > When creating a transfer transaction should the transaction type be
XFER
| > in the withdrawal account and DEP in the receiving account or
should
| > both be XFER type transactions?
| As far as I know it really doesn't matter. That is I can't think of
any
| reports etc that use it. In fact you can type whatever you want in
that
| field in the register. You can also "transfer" just be using the
| transfer account from the category drop-down box.
|
| Bob L.

Thanks for the reply. I guess you're right, it really doesn't matter.
I did find two reports that use this information, the "Banking Account
Details:Month to date" report and the "Banking Account Activity:Year to
date" report both have a column for transfers. Looks like the transfer
is a negative for the withdrawal account and a positive for the
receiving account, as you would expect. Looking at these reports it
seems to make sense to mark both as transfers. Thanks again for your
thoughts.

Don R