BANK ACCOUNT TO BANK ACCOUNT TRANSFER
At the moment, walletapp does not automatically detect money transfers between 2 bank accounts and this results in increased expense analytics.
For example, if I move money from debit account to savings account, the transaction appears as expense on the debit account and income on the savings account. If I try to edit the transactions, transfer option is not allowed between 2 bank accounts, but only between a bank and a cash account.
A simple solution to this would be to allow us to manually link 2 payments from 2 different bank accounts and mark them as a transfer. This should be made available even if the 2 accounts have different currencies.
I manage 21 accounts. Four of them are manual accounts (for cash in various currencies) and one is Clearing Account, the others are syncronized Bank accounts from four banks.
Everything works fine for the automatic income or expense transactions.
The issue is that Transfers are poorly recognised in automatic. More than 1/4 of trasactions in period are actualy Transfers between the accounts I own but the engine to recognise the transfers is very poor (it seems inexistent). There are so many pairs of income/unknown transactions i have to manualy reconcile!!! Most of them I have to pass trough Clearing Account while the transactions is only a basic transfer between two accounts of the same bank.
Please do something to solve this problem urgently, because I feel this manual reconciliation is overwhelming.
there is a workaround
in the android app you can change to a transfer between bank accounts
but when you look in web app it is marked as transfer but if you edit it is still income or expense which is confusing.
Eliezer Charles commented
This can be succesfully if Dev team uses the same way as splitted transactions for marking as Transfer.
If all these votes go to this higher voted suggestion, Dev Team can prioritize
Pablo San José commented
+1 Running into the same issue. All my cash flow looks off because of this. Is there any workaround at the moment?
Yes, NN's comment nailed it. I'm also running into this same issue of unlinked transfers between synced bank accounts. Please make it happen, Budget Bakers!
This bugs me to no end. A lot of automatic transfers & charges happen between my accounts and I constantly have to adjust them.
I've been using the free Wave Accounting software (because I'm self-employed) and it handles auto-detecting transfers SO well. You can also edit them manually too. Whenever I use it I always think about how amazing it'd be for Wallet to replicate an experience/feature similar to Wave. If anyone at Wallet sees this PLEASE look into the interface/UI features that Wave has (at least in regards to money transfers between automated accounts, credit card + bank accounts, etc)
I honestly considered moving over to use Wave to manage my personal in addition to business finances even though I purchased a lifetime subscription to Wallet a few years ago... but Wave doesn't have a mobile app (only one for scanning receipts and oddly an entirely separate one for invoices). Wallet, you're the best option I've found that fits my needs... except for some really major quirks. I want to keep using your app, please look into this.
João Silva commented