diff --git a/pkg/converters/qif/qif_transaction_data_file_importer_test.go b/pkg/converters/qif/qif_transaction_data_file_importer_test.go
index 6421cf05..2755e02c 100644
--- a/pkg/converters/qif/qif_transaction_data_file_importer_test.go
+++ b/pkg/converters/qif/qif_transaction_data_file_importer_test.go
@@ -38,11 +38,15 @@ func TestQIFTransactionDataFileParseImportedData_MinimumValidData(t *testing.T)
 			"D2024-09-04\n"+
 			"T-0.05\n"+
 			"L[Test Account2]\n"+
+			"^\n"+
+			"D2024-09-05\n"+
+			"T0.06\n"+
+			"L[Test Account2]\n"+
 			"^\n"), 0, nil, nil, nil, nil, nil)
 
 	assert.Nil(t, err)
 
-	assert.Equal(t, 4, len(allNewTransactions))
+	assert.Equal(t, 5, len(allNewTransactions))
 	assert.Equal(t, 3, len(allNewAccounts))
 	assert.Equal(t, 1, len(allNewSubExpenseCategories))
 	assert.Equal(t, 1, len(allNewSubIncomeCategories))
@@ -78,6 +82,14 @@ func TestQIFTransactionDataFileParseImportedData_MinimumValidData(t *testing.T)
 	assert.Equal(t, "Test Account2", allNewTransactions[3].OriginalDestinationAccountName)
 	assert.Equal(t, "", allNewTransactions[3].OriginalCategoryName)
 
+	assert.Equal(t, int64(1234567890), allNewTransactions[4].Uid)
+	assert.Equal(t, models.TRANSACTION_DB_TYPE_TRANSFER_OUT, allNewTransactions[4].Type)
+	assert.Equal(t, int64(1725494400), utils.GetUnixTimeFromTransactionTime(allNewTransactions[4].TransactionTime))
+	assert.Equal(t, int64(6), allNewTransactions[4].Amount)
+	assert.Equal(t, "Test Account2", allNewTransactions[4].OriginalSourceAccountName)
+	assert.Equal(t, "", allNewTransactions[4].OriginalDestinationAccountName)
+	assert.Equal(t, "", allNewTransactions[4].OriginalCategoryName)
+
 	assert.Equal(t, int64(1234567890), allNewAccounts[0].Uid)
 	assert.Equal(t, "Test Account", allNewAccounts[0].Name)
 	assert.Equal(t, "CNY", allNewAccounts[0].Currency)
diff --git a/pkg/converters/qif/qif_transaction_data_table.go b/pkg/converters/qif/qif_transaction_data_table.go
index 6f5bbf59..d37069c8 100644
--- a/pkg/converters/qif/qif_transaction_data_table.go
+++ b/pkg/converters/qif/qif_transaction_data_table.go
@@ -151,10 +151,17 @@ func (t *qifTransactionDataRowIterator) parseTransaction(ctx core.Context, user
 			data[datatable.TRANSACTION_DATA_TABLE_TRANSACTION_TYPE] = qifTransactionTypeNameMapping[models.TRANSACTION_TYPE_MODIFY_BALANCE]
 			data[datatable.TRANSACTION_DATA_TABLE_AMOUNT] = utils.FormatAmount(amount)
 			data[datatable.TRANSACTION_DATA_TABLE_ACCOUNT_NAME] = qifTransaction.category[1 : len(qifTransaction.category)-1]
-		} else { // transfer to [account name]
+		} else { // transfer
 			data[datatable.TRANSACTION_DATA_TABLE_TRANSACTION_TYPE] = qifTransactionTypeNameMapping[models.TRANSACTION_TYPE_TRANSFER]
-			data[datatable.TRANSACTION_DATA_TABLE_AMOUNT] = utils.FormatAmount(-amount)
-			data[datatable.TRANSACTION_DATA_TABLE_RELATED_ACCOUNT_NAME] = qifTransaction.category[1 : len(qifTransaction.category)-1]
+
+			if amount >= 0 { // transfer from [account name]
+				data[datatable.TRANSACTION_DATA_TABLE_AMOUNT] = utils.FormatAmount(amount)
+				data[datatable.TRANSACTION_DATA_TABLE_RELATED_ACCOUNT_NAME] = data[datatable.TRANSACTION_DATA_TABLE_ACCOUNT_NAME]
+				data[datatable.TRANSACTION_DATA_TABLE_ACCOUNT_NAME] = qifTransaction.category[1 : len(qifTransaction.category)-1]
+			} else { // transfer to [account name]
+				data[datatable.TRANSACTION_DATA_TABLE_AMOUNT] = utils.FormatAmount(-amount)
+				data[datatable.TRANSACTION_DATA_TABLE_RELATED_ACCOUNT_NAME] = qifTransaction.category[1 : len(qifTransaction.category)-1]
+			}
 		}
 	} else { // income/expense
 		if amount >= 0 {