Reconciliation for transferring between own accounts

ARGMANARGMAN Member Posts: 1

Hi

I have multiple accounts to organize my budget, say: CAPEX, OPEX, FUN, SAVINGS

Sometimes, I lack some money from one of the accounts so I have to lend it some amount from another account until I could arrange to pay it back to it.

For example:

I've been short of money for my OPEX, so I transfer $100 from CAPEX to OPEX while planning to find a way to pay the $100 from my OPEX to CAPEX later.

I can do that through the "accounting" section in wave, and check the balance in the "reconciliation" section. However, I cannot seem to find a way to find the statement from one account to another specific amount, e.g. if CAPEX has many loans from OPEX, FUN and SAVINGS, I will mostly need to see how much does CAPEX owe OPEX (only).

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    HI @ARGMAN . You're completely on the ball here with how reconciliation works, but I'm afraid you're also correct in saying that there's no way to actually track which business owes what money. You'd be best making a note of this outside of Wave, and continuing to reconcile the balances of your accounts in the meantime.

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