Transferring Money Between Accounts

2 min readPublished July 2, 2026

What Are Account Transfers?

Account Transfers let an Admin record money moving from one of the shop's payment accounts to another — for example, banking the day's cash drawer takings into a bank account, or moving float between two accounts. It's purely internal bookkeeping: no money enters or leaves the business, it just changes which account holds it.

Making a Transfer

Transfers can be started from two places.

  1. 1From Finance, click a specific account card, then click 'New Transfer' on its drill-down page (pre-fills that account as the source) — or go to Finance → Advanced → Transfers and click 'New Transfer'.
  2. 2Select the source ('From') account and the destination ('To') account — the current balance of each is shown to help you decide.
  3. 3Enter the amount and the date (defaults to today).
  4. 4Optionally add a note, e.g. 'Banked today's cash drawer'.
  5. 5Click Transfer to save.
Tip

Source and destination must be different accounts, and the amount must be greater than zero.

Viewing and Deleting Transfers

The Transfers tab of Finance → Advanced lists every transfer with its amount, date, note, and who recorded it. Click the trash icon to delete a transfer — this recalculates both accounts' balances as though it never happened. This is meant as a correction tool for mistakes, not a routine action.

Frequently Asked Questions

Who can transfer money between accounts?+
Only Admins. Transfers move real money between the shop's own accounts, so Fixmo restricts this to the Admin role.
How does a transfer affect account balances?+
The source account's balance decreases by the transfer amount and the destination account's balance increases by the same amount. Total money across all accounts stays the same — a transfer just moves it from one place to another.
Can I undo a transfer?+
Yes. On the Transfers tab of Finance → Advanced, an Admin can delete a transfer. Both account balances are recalculated immediately as if the transfer never happened.
Where do I see a transfer in an account's history?+
Open the account's drill-down page from Finance → Accounts. A transfer shows as 'Transfer Out' (with the destination account named) on the source account, and 'Transfer In' (with the source account named) on the destination account.

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