Transferring Funds Between Bank Accounts
Occasionally, one needs to transfer funds between different bank accounts with the transfer appearing on the bank reconciliation for each bank.
Bank to transfer from:
1. Create an in/out account or simply use a currency exchange amount
2. Go to 'Accounts Payable' and choose 'Make Payment'
3. Enter Vendor Code CASH, then enter Vendor Code BANK TRANSFER
4 .Select 'Transaction Type' - 'Payment'
5. Enter Ch#, Date, Amount, Inv.#
6. Use the
7. Answer 'N' to 'Print the Check?'
8. Enter the in/out account number
9. Enter the amount in the debit column
10. Select Bank #1
11. Answer 'Y' to 'Post'
Bank to transfer to:
1. Go to 'Accounts Receivable' and follow steps 1-8 for bank to transfer to.
2. Enter amount in credit column
3. Select Bank #2
4. Answer 'Y' to 'Post'
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