Mvelopes Customer Ideas

Pending Transactions: account transfers feature

To be used when transferring money between bank accounts, or paying a credit card. Currently you have to create 2 transactions.

  • Guest
  • Sep 24 2020
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  • Cheryl Thompson commented
    27 Jun, 2021 10:22pm

    Please bring this back soon. I see reconcile is finally back.. that took too long and now this needs to come back. I am TIRED of having to do double entry.

  • Elizabeth Horton commented
    3 Mar, 2021 04:45am

    Me either, Steve. I am encouraged though that there was an update posted on the Reconcile Idea with a fairly detailed update about where they were at in the process. Unfortunately, since their is no feature to email updates to those who submitted or voted on an idea I had no way to know that Mvelopes had posted the update there until I stumbled upon it a week later. It's something though

  • Guest commented
    25 Feb, 2021 05:58pm

    haven't seen a response to Elizabeth's question almost two months ago???


  • Elizabeth Horton commented
    5 Jan, 2021 03:39am

    Any update on when this is planned for? It seems to a have lots of votes, but it has been almost 4 months and we still have to create 2 transactions all the time.

  • Elizabeth Horton commented
    22 Dec, 2020 06:29pm

    Any idea when this time saving feature that MV4 had will be available in MV5 so I don't have to spend double the amount of time on account transfers?

  • Guest commented
    25 Nov, 2020 12:16am

    Why did it ever go away? Please bring it back

  • Guest commented
    21 Nov, 2020 01:54pm

    Absolutely! We've had to put in double the work to simply transfer from one account to another. This simple feature made these transactions much easier to input.

  • Geoff Ford commented
    29 Sep, 2020 10:06am

    "Wes Shelnutt commented28 Sep 23:23

    So, the idea here would be that you could create an account-to-account transfer via a pending transaction that would automatically move the money from one account to another, while also creating 2 pending transactions in the single action... right? Yes

    What if we also built into that interface an option to transfer money between envelopes during the action (without having to open the Funding, Transfer, or Sweep action after the transfer)?" Great idea, less actions

    I use offline accounts. This functionality would save lots of time.

  • Drew Clauson commented
    29 Sep, 2020 01:12am

    @Wes - just to clarify, the MV4 feature that users are talking about required the lower left hand corner of the MV4 screen where the accounts were listed out in the smaller box below the envelope listing. I've gotten used to the MV5 way, but do agree that a few shortcuts would be helpful.

    So, just to help clarify, let's say I moved money from my checking to savings accout by using my online bank. I could record it in MV4 in the following ways:

    1. Click the account to account transfer button in the lower left hand pane. This would let me enter the account to/from and the amount. The result would be that it creates two pending transactions that show the transfer taking money from one account and moving it to another. The envelope for the transfer transactions didn't exist in MV4 (at least visibile to the user) but I'd recommend putting it in the "Account Transfers" envelope in MV5 so there's one place to see account transfers, regardless of how the transactions were created. The user would then match the transfer transactions when they came through aggregation.

    2. The other way is if I transferred money in my online bank, I could then wait for one or both of the aggregate transactions from the bank to come through. I would then drag the transaction to the account in the lower left hand corner of MV4 (I could ONLY drop it on the actual account that the transaction was associated with however) and that would automatically start the account to account transfer window where I could select the to/from account. MV4 would then create the two pending transactions for the transfer and automatically match the previously dragged transaction with the correct in/out transaction and leave the other transaction in a pending state.

    Might be a bit confusing written out without screenshots, but I think I captured how it worked in MV4. 😊

  • Elizabeth Horton commented
    29 Sep, 2020 12:41am

    @ Wes, I also use all offline accounts so all my transaction are created manually. I'd just like to be able to do an account to account transfer in one step like it was before in MV4. I think it is correct that we did the one step transaction and then it created both the debit and credit transactions and now we have to do a two step process and put the debit transaction in one account and then a credit transaction in another account instead of that just being the net result of one transaction entry on our part

  • Ken Bard commented
    29 Sep, 2020 12:02am

    For me, I like the feature of having the credit card folder and dragging the payment and the credit from my checking , then later the credit into that envelope. I know for sure that it is applied correctly... now if you would mean that this xfer could be automatically applied to the associated account that would be OK with me either way.

    The only other xfer account to account is my pocket cash, which is just another account and I use that as spending funds the same as any other account.

  • Guest commented
    28 Sep, 2020 11:50pm

    @wes, I actually keep my accounts offline, so I don't use the pending transactions, but anything similar to the way we were able to previously do a one-stroke account-to-account transfer. I have a lot of bank accounts and move money around frequently. But yes, similar to an envelope-to-envelope transfer.

  • julie bemben commented
    28 Sep, 2020 11:32pm

    The 2 pending transactions would be listed under “account transfers “ and cancel each other there. It is recognizing moving money between accounts NOT budget envelopes usually.






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  • Wes Shelnutt commented
    28 Sep, 2020 11:23pm

    So, the idea here would be that you could create an account-to-account transfer via a pending transaction that would automatically move the money from one account to another, while also creating 2 pending transactions in the single action... right?

    What if we also built into that interface an option to transfer money between envelopes during the action (without having to open the Funding, Transfer, or Sweep action after the transfer)?

  • Peter Monaghan commented
    25 Sep, 2020 12:09am

    Agreed. MV5's way of handling account transfers is a hack workaround. MV4 had a feature where you could enter transfers between two accounts in one place. In MV5, however, it takes twice as many click to do the same thing because you have to enter a manual transaction under each account.

  • Elizabeth Horton commented
    24 Sep, 2020 06:42pm

    This is super annoying! Making things that usually were one step or easy into multiple step complicated process is very frustrating and one or two of these types of things wouldn't be okay, but there are just sooo many of them1

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