Can't complete a standard balance transfer with a debit account

  • 1
  • Problem
  • Updated 2 months ago
  • Solved
  • (Edited)
I've been working on paying down my CC debt using the debt system on goodbudget. Recently, one of the CC's I had with a balance on it had it's promotional APR expire, so I transferred the balance to a 0% CC to finish off the payments. I can't seem to do the same thing in goodbudget though. The transfer tab yells at me for trying to do a debt transaction and the debt tab won't allow me to select any account listed as a CC as the source of payment.

Help?
Photo of Metomorphose

Metomorphose

  • 1 Post
  • 0 Reply Likes
  • frustrated

Posted 2 months ago

  • 1
Photo of Alex Park

Alex Park, Official Rep

  • 366 Posts
  • 70 Reply Likes
Hi Metomorphose,

I just responded to your email, but I'll reproduce my response here for the benefit of anyone else who might be confused by this:

If you're trying to show a balance transfer between real-life Accounts where one or more of those Accounts is in Goodbudget as a Debt Account, you'll be unable to use an Account Transfer to move those balances. Instead, you should go to your Edit Accounts page and manually adjust the Current Balance fields for the Accounts in question to show the transfer of balance. This will generate a new balance adjustment transaction line in each Account that you can rename later to write notes about your balance transfer.

Hope that helps.