I just started using accounting software (Quicken basic).
After going through and setting up categories and editing my imported transactions to correspond to the categories, I'm still left with a bunch of uncategorized transactions, the bulk of which are transfers between two checking and a savings account. The software shows these as expenses and incomes when I just want account transfers to be null. It's just moving money around.
What's the right accounting practice here? Or should I be thinking of it differently?
After going through and setting up categories and editing my imported transactions to correspond to the categories, I'm still left with a bunch of uncategorized transactions, the bulk of which are transfers between two checking and a savings account. The software shows these as expenses and incomes when I just want account transfers to be null. It's just moving money around.
What's the right accounting practice here? Or should I be thinking of it differently?