When working with your transactions, Finbooks automatically analyzes the data to detect movements that could be transfers between your own wallets or exchanges.
If the system identifies possible pairs of transactions, without having certainty they are, you will receive the message Potential transfers.
What is a Transfer?
To learn what a transfer is, please read this article.
Why is it essential to correctly link transfers?
Every transaction must be correctly classified for several key reasons:
accurate balances: if a withdrawal and a deposit are not linked as a transfer, the system may treat them as separate taxable events, distorting your holdings
avoiding false gains or losses: unlinked transfers can appear as sales (outgoing) and new acquisitions (incoming), which would incorrectly inflate your capital gains or losses
consistent reporting: transfers that are properly linked ensure that your tax reports reflect your real activity, preventing mismatches with exchange or wallet records
If transfers are not identified correctly, your balances, gains/losses, and final reports may be inaccurate.
What happens when a potential transfer is detected?
When Finbooks finds pairs of transactions that could be transfers, it flags them so you can review them. Click the message in the Action required section: it will take you directly to the list of possible matches.
From there, you can:
confirm the link by selecting Mark all as checked, which validates that the suggested pairs are indeed transfers
reject the link by selecting Disconnect, which separates the two transactions so they are treated independently
Once all suggested pairs have been reviewed, the message is resolved and disappears from the Action required section.
For a detailed guide on how to manage them manually, read this article.