Trying to import a transaction: transfer from a debt account

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  • Updated 2 weeks ago
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  • (Edited)
I'm starting over (again!) and I've managed to import almost all my bank transactions for the past 6 weeks. 

I have a few transactions that are causing me problems: the ones involving my debt accounts. One particular one is a transfer from my credit line (a debt account) to my chequing account. I can't classify it as an Account Transfer because it won't let me select "from Credit Line" because it's greyed out. It's neither a Credit or Income transaction either.

What I'm I doing wrong (other than dipping into a debt account)? I'm doing everything on my pc not mobile (since you can't do a thing about debt accounts on mobile, which is another beef).

Thanks,

Cheryl
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Cheryl

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Posted 2 weeks ago

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Alex Park, Official Rep

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Hi Cheryl,

You're not doing anything wrong at all! It's simply that currently it is not possible to create an Account Transfer that involves a Debt Account. If you'd like to represent a Transfer of money to or from a Debt Account, you'll have to make it manually by doing some Account balance adjustments. To do this, go to your Edit Accounts page, then change the numbers in the Current Balance field for the Accounts being affected. This will create Account balance adjustment transactions that you can later rename.

Hope that helps!
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Cheryl

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Thanks, Alex. I think that's just what I ended up doing last night. It's not as clean as I wanted but it will have to work.

I can still make payments to a debt account, obviously, right? That should be deemed a good account transfer.
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Alex Park, Official Rep

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Hi Cheryl,

You can definitely still make payments on your Debt Account through Debt Payment Transactions! That (and Interest/Fee transactions) are currently the only ways to directly mark payments and balance increases on your Debt Accounts.