Bank Account Transfers

Transfer money from one bank or cash account to another.

A Bank Transfer is made through following steps:

Select the paying account from From Account drop-down section
You can see the present Bank Balance
Select the recieving account from To Account drop-down section
Enter the date of Transfer
Reference is the Serial Number of the Entry
Select the Dimension of the item for which the transaction is made. It defines whether the item is Raw Material, Semi-Finished, Rejected etc
Enter the Amount of transaction
Enter the Bank Charges applied to the transaction
Select lot of the item from Dimension 2 drop-down list, whether it is from Summer Collection Women, Winter collection women, Summer Collection Men or Winter Collection Men.
Memo is the detail of the transaction
Click Enter Transaction to confirm the Transaction

View the posting in Journal Inquiry.