diff --git a/wallet-test/src/test/scala/org/bitcoins/wallet/models/SpendingInfoDAOTest.scala b/wallet-test/src/test/scala/org/bitcoins/wallet/models/SpendingInfoDAOTest.scala
index 8dc5a86601..1f42f05e27 100644
--- a/wallet-test/src/test/scala/org/bitcoins/wallet/models/SpendingInfoDAOTest.scala
+++ b/wallet-test/src/test/scala/org/bitcoins/wallet/models/SpendingInfoDAOTest.scala
@@ -181,7 +181,7 @@ class SpendingInfoDAOTest extends WalletDAOFixture {
     for {
       utxo <- WalletTestUtil.insertLegacyUTXO(daos,
                                               state = TxoState.DoesNotExist)
-      foundTxos <- spendingInfoDAO.findTx(utxo.txid)
+      foundTxos <- spendingInfoDAO.findOutputsReceived(utxo.txid)
     } yield assert(foundTxos.contains(utxo))
 
   }
diff --git a/wallet/src/main/scala/org/bitcoins/wallet/internal/TransactionProcessing.scala b/wallet/src/main/scala/org/bitcoins/wallet/internal/TransactionProcessing.scala
index 390c7a0afa..68a4910d4e 100644
--- a/wallet/src/main/scala/org/bitcoins/wallet/internal/TransactionProcessing.scala
+++ b/wallet/src/main/scala/org/bitcoins/wallet/internal/TransactionProcessing.scala
@@ -191,40 +191,43 @@ private[wallet] trait TransactionProcessing extends WalletLogger {
       }
     }
 
-  protected def processIncomingUtxos(
+  /** Processes received utxos that are contained in the given transaction
+    * @param transaction the transaction that we are receiving utxos from
+    * @param blockHashOpt the block hash that contains this tx
+    * @param spendingInfoDbs the spending info dbs that are relevant for this transaction
+    * @param newTags tags associated with this tx
+    * @return
+    */
+  protected def processReceivedUtxos(
       transaction: Transaction,
       blockHashOpt: Option[DoubleSha256DigestBE],
-      newTags: Vector[AddressTag]): Future[Vector[SpendingInfoDb]] =
-    spendingInfoDAO
-      .findTx(transaction)
-      .flatMap {
-        // no existing elements found
-        case Vector() =>
-          processNewIncomingTx(transaction, blockHashOpt, newTags)
-            .map(_.toVector)
-
-        case txos: Vector[SpendingInfoDb] =>
-          val processedVec = txos.map { txo =>
-            processExistingIncomingTxo(transaction, blockHashOpt, txo)
-          }
-          Future.sequence(processedVec)
+      spendingInfoDbs: Vector[SpendingInfoDb],
+      newTags: Vector[AddressTag]): Future[Vector[SpendingInfoDb]] = {
+    if (spendingInfoDbs.isEmpty) {
+      processNewReceivedTx(transaction, blockHashOpt, newTags)
+        .map(_.toVector)
+    } else {
+      val processedVec = spendingInfoDbs.map { txo =>
+        processExistingReceivedTxo(transaction, blockHashOpt, txo)
       }
+      Future.sequence(processedVec)
+    }
+  }
 
   /** Searches for outputs on the given transaction that are
     * being spent from our wallet
     */
   protected def processSpentUtxos(
       transaction: Transaction,
+      outputsBeingSpent: Vector[SpendingInfoDb],
       blockHashOpt: Option[DoubleSha256DigestBE]): Future[
     Vector[SpendingInfoDb]] = {
     for {
-      outputsBeingSpent <- spendingInfoDAO.findOutputsBeingSpent(transaction)
-
-      _ <-
+      _ <- {
         if (outputsBeingSpent.nonEmpty)
           insertTransaction(transaction, blockHashOpt)
         else Future.unit
-
+      }
       processed <- Future
         .sequence {
           outputsBeingSpent.map(markAsSpent(_, transaction.txIdBE))
@@ -249,9 +252,24 @@ private[wallet] trait TransactionProcessing extends WalletLogger {
       s"Processing transaction=${transaction.txIdBE.hex} with blockHash=${blockHashOpt
         .map(_.hex)}")
 
+    val receivedSpendingInfoDbsF: Future[Vector[SpendingInfoDb]] = {
+      spendingInfoDAO.findTx(transaction)
+    }
+    val spentSpendingInfoDbsF: Future[Vector[SpendingInfoDb]] = {
+      spendingInfoDAO.findOutputsBeingSpent(transaction)
+    }
+
     for {
-      incoming <- processIncomingUtxos(transaction, blockHashOpt, newTags)
-      outgoing <- processSpentUtxos(transaction, blockHashOpt)
+      receivedSpendingInfoDbs <- receivedSpendingInfoDbsF
+      incoming <- processReceivedUtxos(transaction = transaction,
+                                       blockHashOpt = blockHashOpt,
+                                       spendingInfoDbs =
+                                         receivedSpendingInfoDbs,
+                                       newTags = newTags)
+      spentSpendingInfoDbs <- spentSpendingInfoDbsF
+      outgoing <- processSpentUtxos(transaction = transaction,
+                                    outputsBeingSpent = spentSpendingInfoDbs,
+                                    blockHashOpt = blockHashOpt)
       _ <- walletCallbacks.executeOnTransactionProcessed(logger, transaction)
     } yield {
       ProcessTxResult(incoming, outgoing)
@@ -331,7 +349,7 @@ private[wallet] trait TransactionProcessing extends WalletLogger {
     * If the incoming transaction has more confirmations than what we
     * have in the DB, we update the TX
     */
-  private def processExistingIncomingTxo(
+  private def processExistingReceivedTxo(
       transaction: Transaction,
       blockHashOpt: Option[DoubleSha256DigestBE],
       foundTxo: SpendingInfoDb): Future[SpendingInfoDb] = {
@@ -432,7 +450,7 @@ private[wallet] trait TransactionProcessing extends WalletLogger {
   }
 
   private def getRelevantOutputs(
-      transaction: Transaction): Future[Seq[OutputWithIndex]] = {
+      transaction: Transaction): Future[Vector[OutputWithIndex]] = {
     val spks = transaction.outputs.map(_.scriptPubKey)
     scriptPubKeyDAO.findScriptPubKeys(spks.toVector).map { addrs =>
       val withIndex =
@@ -441,7 +459,7 @@ private[wallet] trait TransactionProcessing extends WalletLogger {
         case (out, idx)
             if addrs.map(_.scriptPubKey).contains(out.scriptPubKey) =>
           OutputWithIndex(out, idx)
-      }
+      }.toVector
     }
   }
 
@@ -449,12 +467,13 @@ private[wallet] trait TransactionProcessing extends WalletLogger {
     *
     * @return A list of inserted transaction outputs
     */
-  private def processNewIncomingTx(
+  private def processNewReceivedTx(
       transaction: Transaction,
       blockHashOpt: Option[DoubleSha256DigestBE],
       newTags: Vector[AddressTag]): Future[Seq[SpendingInfoDb]] = {
-    getRelevantOutputs(transaction).flatMap {
-      case Nil =>
+    val outputsF = getRelevantOutputs(transaction)
+    outputsF.flatMap {
+      case Vector() =>
         logger.trace(
           s"Found no outputs relevant to us in transaction${transaction.txIdBE.hex}")
         Future.successful(Vector.empty)
diff --git a/wallet/src/main/scala/org/bitcoins/wallet/models/SpendingInfoDAO.scala b/wallet/src/main/scala/org/bitcoins/wallet/models/SpendingInfoDAO.scala
index f76eabe66e..20d8a0d2cf 100644
--- a/wallet/src/main/scala/org/bitcoins/wallet/models/SpendingInfoDAO.scala
+++ b/wallet/src/main/scala/org/bitcoins/wallet/models/SpendingInfoDAO.scala
@@ -188,24 +188,24 @@ case class SpendingInfoDAO()(implicit
     * the given TX
     */
   def findTx(tx: Transaction): Future[Vector[SpendingInfoDb]] =
-    findTx(tx.txIdBE)
+    findOutputsReceived(tx.txIdBE)
+
+  private def _findOutputsBeingSpent(
+      tx: Transaction): Future[Vector[UTXORecord]] = {
+    val filtered = table
+      .filter { case txo =>
+        txo.outPoint.inSet(tx.inputs.map(_.previousOutput))
+      }
+
+    safeDatabase.runVec(filtered.result)
+  }
 
   /** Finds all the outputs being spent in the given
     * transaction
     */
-  def findOutputsBeingSpent(tx: Transaction): Future[Seq[SpendingInfoDb]] = {
-
-    def _findOutputsBeingSpent: Future[Seq[UTXORecord]] = {
-      val filtered = table
-        .filter { case txo =>
-          txo.outPoint.inSet(tx.inputs.map(_.previousOutput))
-        }
-
-      safeDatabase.run(filtered.result)
-    }
-
+  def findOutputsBeingSpent(tx: Transaction): Future[Vector[SpendingInfoDb]] = {
     for {
-      utxos <- _findOutputsBeingSpent
+      utxos <- _findOutputsBeingSpent(tx)
       spks <- findScriptPubKeysByUtxos(utxos)
     } yield {
       utxos.map(utxo =>
@@ -246,14 +246,17 @@ case class SpendingInfoDAO()(implicit
     safeDatabase.runVec(query.result)
   }
 
+  /** Joins the spk table on the spending info table with the spk id */
+  private val spkJoinQuery = table
+    .join(spkTable)
+    .on(_.scriptPubKeyId === _.id)
+
   /** Fetches all the incoming TXOs in our DB that are in
     * the transaction with the given TXID
     */
-  def findTx(txid: DoubleSha256DigestBE): Future[Vector[SpendingInfoDb]] = {
-    val query = table
-      .join(spkTable)
-      .on(_.scriptPubKeyId === _.id)
-    val filtered = query.filter(_._1.txid === txid)
+  def findOutputsReceived(
+      txid: DoubleSha256DigestBE): Future[Vector[SpendingInfoDb]] = {
+    val filtered = spkJoinQuery.filter(_._1.txid === txid)
     safeDatabase
       .runVec(filtered.result)
       .map(res =>
@@ -264,10 +267,7 @@ case class SpendingInfoDAO()(implicit
 
   def findByScriptPubKey(
       scriptPubKey: ScriptPubKey): Future[Vector[SpendingInfoDb]] = {
-    val query = table
-      .join(spkTable)
-      .on(_.scriptPubKeyId === _.id)
-    val filtered = query.filter(_._2.scriptPubKey === scriptPubKey)
+    val filtered = spkJoinQuery.filter(_._2.scriptPubKey === scriptPubKey)
     safeDatabase
       .runVec(filtered.result)
       .map(res =>
@@ -424,7 +424,7 @@ case class SpendingInfoDAO()(implicit
   }
 
   private def findScriptPubKeysByUtxos(
-      utxos: Seq[UTXORecord]): Future[Map[Long, ScriptPubKeyDb]] = {
+      utxos: Vector[UTXORecord]): Future[Map[Long, ScriptPubKeyDb]] = {
     val ids = utxos.map(_.scriptPubKeyId)
     findScriptPubKeys(ids)
   }