Transfers Between Accounts

Not sure how SortMe handles the million and one transfers you make between account? Our logic handles all of that for you, find out how and when below.

Managing transfers between accounts

Are both accounts connected in SortMe?

When money is moved between two accounts that are both connected in SortMe our logic considers this a 'Transfer'. By do this we ensure these transactions are excluded from your reporting totals, so it won't inflate your incomings or outgoings.

It's really quite clever and does this automatically. If this is not the case for you, something funky is going on - get in touch with the team so we can fix this for you ASAP.

Example below of SortMe logic automatically categorsing a 'Transfer':

Only one of the accounts is connected in SortMe?

We're clever but we are not mind readers.....if only one of the accounts - between a transfer - is connected in SortMe, the only data we have is that of money either leaving or entering the connected account.

Either:

1) Connect that account to your SortMe account.

2) Manually categorise the transaction as a 'Transfer'.

Credit Card Payments

MOST of the time SortMe will recognise payments to your credit card as a transfer. Why? Because when you make a payment to your credit card you are technically reimbursing the credit you 'borrowed' to make those previous purchases.

Sometimes these transactions will pop up in the 'Uncategorised' group in your Spend Overview feature. If this happens you can simiply recategorise as a 'Transfer' and create a rule to reconcile past and future transfers to your credit card.

Connecting another account in SortMe
Manually categorise a transaction
Creating rules