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Moving money between your accounts
A transfer is a transaction whose payee is one of your own accounts. Between two on budget accounts, nothing in your budget changes.
Recording a transfer
From the account the money left
- Add a transaction in the account the money left from, choose I spent, and enter the amount.
- In Payee, choose the account it went to. Your own accounts are listed under Transfer to.
- Press Save. The same amount appears in the other account.
| What happens | Your bank | Cash | Left to assign |
|---|---|---|---|
| Before | ₹40,000 | ₹500 | ₹0 |
| You withdraw ₹5,000 | ₹35,000 | ₹5,500 | ₹0 |
Before
- Your bank
- ₹40,000
- Cash
- ₹500
- Left to assign
- ₹0
You withdraw ₹5,000
- Your bank
- ₹35,000
- Cash
- ₹5,500
- Left to assign
- ₹0
Both accounts are on budget, so the money is still yours to spend. No category changes, and Left to assign stays the same.
To an investment
Money moving to a tracking account, such as a mutual fund, leaves your budget. So Ahead asks for a category, such as Investments. More on this.
Paying a credit card
Paying the card is a transfer too, from your bank to the card. How to record it.
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