Once you connect your bank accounts, ThinkOut will periodically import and organise your last transactions so you have an up-to-date financial picture. If you have several transactions to and from your own accounts your financial indicators will be inaccurate as data is duplicated.
Let's say you connect 2 accounts in ThinkOut (current account and POS account). If money is transferred from your POS to your current account, you'll import both inflows (one in the POS account when your client is paying and one in the current account when your money is transferred). This will cause data duplication and your cash flow calculations will be incorrect.
Easily isolate your own transfers and exclude them from your operational cash flow for a more precise analysis. Here's how you do this.
Match transfers between your own accounts (first option)
ThinkOut automatically identifies possible matches between your transfers and proposes a list of suggestions for you to review. Go to Transactions -> Transfers and check the list there.
Click on ✓ if the suggestion is correct.
If the suggested match is not proper, you can either click on See all possible options (and change the filters) to find another transaction or Dismiss the suggestion.
Match transfers between your own accounts (second option)
Alternatively, you can exclude transfers by clicking on Match transfers button which you can find near every transaction details.
Undo match transfers
If you matched two transactions by mistake, you can always un-match it by clicking on Unmatch transfers.
After matched, all transfers are categorised as Transfers (in) / Transfers (out), therefore assigned as cash flow financing activity. You'll be able to identify all your transfers in the Financing section from your cash flow.