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Transfer Funds from a Bank Account

The Funds Transfer Document is used to transfer money from one Bank Account to another.

Prerequisites


Working with Bank Accounts

How to create a new Funds Transfer

  1. This can be done from either a Bank, Petty Cash or Credit Card Account.
  2. Select the account from which you wish to transfer money from.
  3. From the ‘Actions‘ drop-down menu click ‘Transfer Funds‘.
  4. The ‘New Funds Transfer’ document will be displayed (as shown below).

Transferring Funds to and Account

Transferring Funds to an Account

The steps in the diagram show how a transfer is made:

  1. Click on ‘Transfer Funds‘ from the ‘Actions‘ drop-down menu.
  2. A reference number is auto-assigned. See Working with Reference numbers (Ref #). You can change it if preferred.
  3. The date you made the transfer goes here.
  4. Select the Bank Account to which to transfer the money to.
  5. Enter the transfer amount.
  6. This is a memo for accounting purposes. See Working with A/C Memo(s).
  7. Once complete, save the transfer by clicking ‘Save‘.

Also Read About


Working with Memos