Transfer Funds
Reallocate cash between your own accounts; total assets stay the same.
Overview
-
Move money between internal cash/bank accounts for cash management.
-
Does not change total assets, only reallocates balances.
-
Creates a clear audit trail for internal cash movements.
Where to Access
-
Accounting → Transfer Funds
-
Click Add New.
Key Attributes
Header
-
Date/Time : Effective transfer time.
-
From Account / To Account : Source and destination accounts.
-
Amount : Transfer value.
-
Notes : Reason or reference (e.g., funding payroll account).
Context (display)
- Balance at Transaction / Current Balance : Before/after snapshots for each account.
Key Functions
-
Create a transfer : Enter date, from/to account, amount, notes → Save.
-
Auto-post journal : System records the debit/credit between the two accounts.
-
Reconcile later in bank reconciliation using bank statements.
Related Features
-
View Register (Bank/Cash accounts)
-
Bank Reconciliation
-
Chart of Accounts
-
Run Report (cash movement by period)