Many users ask us how to record the transfer when they withdraw from bank accounts or deposit to saving account?
You DO NOT need add 2 transactions in different wallets, because with Transfer function it does that task for you. When using Transfer, Money Lover helps you to create 2 transactions: one as inflow and one as outflow.
For example, you withdraw $2,000 from Bank account to cash for daily spend. It will create a Withdraw transaction (-$2,000) in Bank account wallet and Gift transaction (+$2,000) in Cash wallet.
As result, wallet balance of 2 wallets change. We have short video to give you a view of that.
P/s: You can exclude transactions from reports, it means they are not income nor expense, but inflow or outflow.
Want to better understand the report of Money Lover? See the blog.