Transfer money/Adjust envelope balances

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  • Updated 10 years ago
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Ok, I am new to EEBA and just getting started so maybe I am missing something here. I checked my account balances and "moved" the balances over from my other software for my checking account. I was still working on the envelopes/budgets so I initially moved the money into an unallocated envelope like some other program I have used do. Now, I want to fund a group of envelopes at once, however, I seem to only be able to transfer to one envelope at a time. If I use the add money/adjust balances option, I seem to have to enter the source of the money as if it's new money coming in. How can I fund envelopes in a batch from an existing envelope?
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TechBri

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Posted 10 years ago

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Matt Crawford, Employee

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Official Response
Hi TechBri,

You're right, at this time, there's no way to transfer funds from one envelope into multiple envelopes. You would make several transfers to get the result you want.

Another workaround, if that's too many envelopes, would be to make an "Add Funds" transaction for $0. For the source of the funds, you can enter something like "Beginning balance transfer" so you know it's a one-time correction. Then you would allocate the funds by selecting "Specify", and "Add a specific amount" for each envelope. Add money to your real envelopes, and subtract the total from your unallocated envelope (just enter the total as a negative). The total transaction will then be $0.

It's not something you would want to do every time, but for a first-time set-up it may work for you.