Bank Account Transfers

Purpose

Transfer money from one bank or cash account to another.

Procedure

A Bank Transfer is made through following steps:

• Select the Payer account from From Account drop-down list
• You can see the current Bank Balance
• Select the Payee account from To Account drop-down list
• Set the date of Transfer
• Reference is the Serial Number of the Entry
• Select the Dimension of the payment from the drop-down list
• Enter the Amount of transaction
• Enter the Bank Charges applied to the transaction
• Select Dimension 2 from the drop-down list
• Memo is the detail of the transaction
• Click Enter Transaction to confirm the Transaction

Tips and Tricks

View the posting in Journal Inquiry.