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Double Counting on Transfers

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Paul Mattoon

30 Jan, 2024 02:38 AM

2 Checking Accounts A&B
Activity is uploaded for both accounts into money dance.
While in Account A: Code a transfer of $1450 from A to B, the transaction is categorized as Account B
Now in Account B, the actual incoming $1450 is already present from the bank download and now the transfer from Account A is also present.

A double-count.

Is there a pure transfer selection to make so that these "Transfers" are really that and offset. The only instructions/advice on board states that you categorize the transaction as the receiver account name? There are two account and the B account will be coding the sender. This will no create offsetting entries, it will double count the credit in account B and double count the debit in account A

Thanks for looking into it. Best, Paul

• Account_A.png 9.65 KB
• Account_B.png 8.79 KB

1. 1 Posted by sth on 30 Jan, 2024 03:05 AM

   

   I don't know of a way to reconcile this other than deleting one of the downloaded transfers. If the transfer is from a bank account to a brokerage account you can accept the one on the brokerage account and merge the transaction in the bank account.

   But if they are both brokerage accounts there isn't any way that I know of. I agree it is annoying.
   (NOT IK Support)

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2. 2 Posted by Paul Mattoon on 30 Jan, 2024 04:02 AM

   

   Thanks. I was headed that way but thought I would make sure I didn’t miss something since I’m catching up on 12 months of data.

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3. System closed this discussion on 30 Apr, 2024 04:10 AM.