Bank Transfers

Move money between your organization's accounts.

Interface Overview

Business Overview

Bank Transfers record the internal movement of funds (e.g., moving cash to a bank account or transferring between two banks).

Actions

Recording a Transfer

1. Go to Banking > Transfers.
2. Click the Add Transfer button.
3. From Account: Select the source account (where money is leaving).
4. To Account: Select the destination account (where money is going).
5. Amount: Enter the transfer value.
6. Date: Select the transfer date.
7. Click Save Transfer.

Viewing History

• Track all internal money movements in the Transfer List.
• Filter by branch or account to see specific movements.

Updating a Transfer

1. Click Edit on a transfer record.
2. Change the amount, date, or accounts.
3. Note: Editing is disabled once the transfer is cleared in a bank reconciliation.

Voiding a Transfer

1. Open the transfer detail and click Void.
2. Effect: Both the source and destination bank balances are restored to their previous states.

[!TIP] Petty Cash Top-ups: Use Bank Transfers to record when you withdraw cash from the bank to top up your physical petty cash tin.