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lib's avatar
lib
Contributing Cover User
3 years ago

Difference between spend money and transfer money

Hi, 

I have put a transaction - payment to our compnay credit card - from last month as Transfer Money, and realised I normally do this type of transaction as a Spend Money.

 

I'm not really sure what the difference between Transfer Monday & Spend money is, but does this matter? They both seem to be not-reportable for tax. 

 

It has already been reconciled, so I'm not sure how to fix it if it is an issue. 

 

Thanks in advance.

 

1 Reply

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  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User
    3 years ago

    Hi

    No there is no difference between the transactions at all, so all good

     

    Lisa