Transfer of Funds between Accounts

Transfer of Funds Between Accounts

The Transfer Funds Between Accounts feature allows you to move funds between your bank accounts using a single transaction.

Note: Both bank accounts must already exist in the Address Book.

Tip: One account can be “Petty Cash.” Transfers involving third parties must be processed via Payments or Receipts, not this function.

Privileges: You must have the appropriate system access to use this feature.

Steps to Transfer Funds

1. Navigate to: Accounts > Transfer Between Accounts
2. Accept or update the Date.
3. Accept or update the Period.
4. Select the Payment Method.
5. Choose the From and To accounts from the drop-down lists.
6. Enter the Amount to be transferred.
7. Add Notes detailing the reason, authority, or instructions for the transfer.
8. Press [Enter] to save the transfer.

This process ensures accurate fund movement between accounts without affecting other transactions.