Recording transfers between accounts
A transfer between two of your own accounts — cheque to savings, topping up the credit card, moving money to a tax-savings account — is not income or an expense. Coding it as either inflates both sides of your Profit & Loss.
How to record one
In Reconcile, choose Transfer on the transaction and pick the other bank account. Nightbooks records the movement between the two accounts and pairs the matching line on the other side automatically when it arrives, so the transfer is recorded exactly once and both accounts stay right.
How to spot them
The payee is you, your other account number, or your bank’s internal transfer description.
A matching opposite amount appears in another of your accounts within a day or two.
Credit card payments from your cheque account are transfers, not expenses — the expenses are the individual card purchases.
The AI flags likely transfers automatically when it can see the matching line on the other side — but it can only do that if both accounts are connected to Nightbooks.