How do I categorize and match transfer fund transactions between two accounts?

When you transfer money from one account to another account, say from Business Checking to Business Saving, it is a withdrawal in Business Checking and a deposit in Business Saving. In Zoho Books, under the Uncategorised Transactions tab, you’ll find a withdrawal bank feed in the Business Checking account and a deposit bank feed in the Business Saving account. To avoid duplicates, reconcile the two transactions by following the steps mentioned below:

• Go to the Banking module on the left sidebar.
• Select the bank account from which the money was transferred.
• Go to the Uncategorised Transactions tab and select the Withdrawal bank feed from the list of uncategorised transactions.
• Select the Categorise Manually option on the right side.
• Select the Transfer To Another Account in the Category section.
• Select the account to which the money was transferred and fill in the other information.
• Click Save and this transaction will be categorised.

Immediately, a manually added transaction will be automatically created in the other account to which the money had been sent. Now, navigate to the other account to which the amount was transferred.

• Go to the Uncategorised Transactions tab and select the Deposit bank feed.
• Find the categorised transaction from the list of Possible Matches on the right side and select it.
• Click Match and the uncategorised transaction will be categorised.
• Also, the manually added transaction which was automatically created will be matched.