Basic clarifying questions about balances and transfers

I am coming to Tiller with some YNAB experience from back in the day so I am trying to get my head around the current setup. YNAB was great but not quite flexible enough and more geared towards budgeting than I needed it to be. I am primarily interested in understanding my spending and appreciate the ability to roll my own charts etc in sheets, but I’m a bit confused about some of the data model.

  1. It seems as though balances and transactions are totally unlinked in Tiller? In YNAB accounts had to be created with a starting balance transaction and the displayed balance for the account was simply the sum of the transactions. Am I correct in that Tiller simply pulls transactions and balances separately, with no link between them? This seems nice in some ways, since YNAB would tend to get frustrating for me with trying to find reconciliations if balances got out of sync minorly somehow, but I would still like to be able to catch major mistakes.

  2. There is no requirement that transactions marked as transfers be balanced, right? In YNAB transfers were explicitly linked to one another, so e.g. a credit card payment would link the debit from a checking account and credit the card account. This could cause some issues when the two halves of the transfer would clear at different times, or if using Splitwise and complex splits were required. In contrast, Tiller appears to just hide all transfer categories in the Foundation Template, so I could randomly mark stuff as transfers with no way to confirm that both sides of the transfer happened? This is kinda nice for e.g. investments where cash is leaving an account but I might not want to include it on the expense report, but does seem more fragile.

Is my understanding correct of how this all works?

Yes and Yes. :slight_smile::
-Transactions and balances are imported separately.
-Transfers do not need to balance, so correct, you can use transfers simply to hide junk transactions.

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