Transfer Funds from a Bank Account

Topic: Banking > Working with Bank Accounts

Overview

The Funds Transfer Document simply allows you to transfer money from one account to another.

Prerequisites

Entering and Editing

Creating a new Funds Transfer

Find the Bank, Petty Cash or Credit Card account that you wish to transfer money from. From the account's Action Bar drop-down click 'Transfer Funds'. This displays the new Transfer Funds Document (below).

Transferring Funds to an account

The steps in the diagram show how a deposit is made.

1.	Clicking 'Transfer Funds' on the associated account displays a new Transfer Funds Document.

2.	Enter a unique Ref # for the transaction here. By default the value is [auto] meaning that this number will be generate automatically. See Working with Reference numbers (Ref #).

3.	The date you made the transfer goes here.

4.	Select the account that you wish to transfer the money to.

5.	The transfer amount goes here.

6.	This is a memo for accounting purposes. In this case we put a transfer reference number issues by the bank. See Working with A/C Memo(s).

7.	When you have completed the details save the transfer by clicking 'Save'.

Related tasks and information

Working with Memos