Understanding internal transfers and transfers

When you move money from one of your accounts to another, for example from your checking account to your savings account, this movement appears twice: an outflow on one side, an inflow on the other. It isn't a real expense or real income. This article explains how to recognize these movements so your figures stay accurate.

Internal transfer or real expense?

The distinction is easy to draw: an <strong>internal transfer</strong> stays in your pocket, the money simply moves between accounts. An <strong>expense</strong>, on the other hand, truly leaves your pocket toward a third party (a merchant, a service, another person).

Why it matters

If an internal transfer were counted as an expense, your spending for the month would look far higher than it really is. Conversely, the arrival on the other account would look like income. By treating these movements as transfers, Noryo avoids artificially inflating your statistics.

Recognizing a transfer between your accounts

When your accounts are connected to Noryo, a movement from one to another generates two lines with opposite amounts on close dates. You can spot them easily by filtering your transactions by account or by searching for the amount involved.

• Two lines for the same amount, one negative, the other positive.
• Identical or very close dates.
• A label that suggests a transfer rather than a merchant.

Adjusting a transfer's category

Open the details of the transaction in question to check or change its category. Noryo's taxonomy includes a dedicated family for internal movements and transfers, separate from your everyday spending categories.

Special cases

Recategorize with a ruleAutomate the categorization of your recurring movements.