01
Choose Transfer
Open Transactions and choose Transfer when money is moving between accounts that belong to you.
ExpenseMoney going out
IncomeMoney coming in
TransferMoney moving between accounts
✓ SelectedTRANSACTIONS
TRANSACTIONS
Transfer money between accounts
Record money moving between your own accounts without treating the movement as new income or spending.
4 min readBEFORE YOU START
Know where the money is moving.
A transfer connects two of your own accounts. Have the source, destination and transfer amount ready before recording it.
✓
The account the money is moving from
✓
The account the money is moving to
✓
The amount being transferred
✓
The transfer date
STEP BY STEP
Let's get it set up.
02
Choose the source and destination
Select the account the money is leaving and the account receiving it. In this example, AED 5,000 moves from Current Account to Savings Account.
FROM ACCOUNTCurrent AccountAvailable before transferAED 45,000
TRANSFERAED 5,000→
TO ACCOUNTSavings AccountAvailable before transferAED 35,000
03
Enter the transfer details
Add the transfer date and amount. You can also include a description or note to make the movement easier to recognize later.
NEW TRANSACTIONTransfer
Date24 Oct 2026
AmountAED 5,000
From accountCurrent Account
To accountSavings Account
DescriptionMonthly savings transfer
NotesMove money to savings
◎
Transfers between your own accounts should not be categorized as income or an expense.
04
Review and save the transfer
Check the source account, destination account and amount before saving the transfer to your workspace.
Monthly savings transferCurrent Account → Savings AccountAED 5,000
✓ SavedWHAT HAPPENS NEXT?
The money changes location, not ownership.
The transfer changes the balances of the two accounts, but the combined amount of cash across them remains the same.
CURRENT ACCOUNTAED 45,000
+SAVINGS ACCOUNTAED 35,000
=COMBINED CASHAED 80,000
⇄
AED 5,000 moves from Current Account to Savings Account.
CURRENT ACCOUNTAED 40,000− AED 5,000
+SAVINGS ACCOUNTAED 40,000+ AED 5,000
=COMBINED CASHAED 80,000No change
✓
The transfer is recorded as movement between your own accounts rather than AED 5,000 of income or AED 5,000 of spending.
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