Dashboard Cash Flow graph including transfers - Shouldn't?

springrospringro Member Posts: 2

This is just a note that Wave appears to be treating a transfer between accounts (from checking to savings) as a cash flow item for the month in which it occurs.
This doesn't seem correct, or at least should be an option to turn off.

I don't believe it does this when you create a cash flow from the reports area.

Best,
Rob

Comments

  • CharlotteCharlotte Member Posts: 671 admin

    Hi @springro thank you for flagging! Would you mind sharing an example (a screenshot) of the graph and the corresponding transaction in your account (obfuscating any identifying information)?

  • springrospringro Member Posts: 2

    Here's the Dashboard graph - See the last month. It's showing 100k up and down, but it was just a move from checking to savings.

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hi @springro . This is expected behavior of the software. If you check your Cash Flow Report you'll see the transfer showing there as well. Because this report takes into account any money moving through your business, you'll see transfers in the report. This doesn't contribute to your overall Net Cash Change, as 100k moving from one account in your business to another doesn't actually affect the overall balance.

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