Making a Transfer
Have you moved money from one physical (you know, real-world) account to another and need to reflect that in YNAB? No problem. How your transfer is recorded depends on how those real-world accounts are set up in YNAB.
If you've made a transfer between real-world accounts and both of those accounts are set up in YNAB, you'll be making a transfer in the app.
Entering a Transfer
- Select the account the money is leaving on the left side of your budget.
- Click Add Transaction.
In the Payee field, your
Payments and Transfers options are listed at the top of the drop-down menu. Select the "To/From" payee for the account where the money is
- You'll only need to choose a category if you're making a transfer between a budget account and a tracking account—because that means those dollars are either leaving or entering your budget.
- Enter the outflow amount.
That’s it. Save the transaction and the transfer will show up in both accounts!
For transfers from one budget account to another, no category is needed, because the money is not leaving your budget. If those dollars should now have a different job in your budget, your next step is to move money.
Transfers between tracking accounts don't need a category either, because the money is not in your budget.
For linked accounts, transfers will import once they clear. If it's the first transfer between two particular accounts, YNAB won't know to make it a transfer, so it will import as a regular ol' transaction. Same goes for importing a file.
If you enter the transfer before it imports though—using the steps above—they'll automatically match up.
Otherwise, you can make it a transfer by changing the payee. Then you'll see one side of the transfer in each account. If you had already imported the other side of the transfer (in the other account), it should match up and just need approval.
Going forward, as long as your bank uses the same payee, YNAB will know to make it a transfer automatically. All you'll need to do is approve the match!