Transfers

Transfers

 Finances > Cashbook > Transfers
Type <Ctrl> <F> to search for words in the article
This function enables the user to perform and search for a bank transfer between bank accounts. This function will automatically link bank transfers on your bank reconciliation and display them in a yellow block.  Please make sure that the transaction that is linked in the bank transaction, is the correct transaction before finalizing your bank reconciliation.

Do a bank transfer

  • Click on " Add " button to proceed.
  • Select the transfer type . You can choose from Bank statement or System.
  • Select System for general types of transfers. Bank statement transfers are rarely used and will not be covered in this article.
  • Select the date for when the transfer is made .
  • Select the bank account from which the funds must be transferred .
  • Select the bank account to which the funds must be transferred.
  • Enter the amount to be transferred in.
  • Enter a description for the transfer in .
  • Click on the " Continue "  button to process the transfer.
  • You will be asked to confirm whether you want to do the transfer on the date specified. Click on the " Yes"  button to proceed.
  • Transfer details will be displayed. To show  the transfer details,click on the " Preview"  button.

Search for a transfer

You can now filter the transfers by account number, account name or transfer dates on Transfers screen.


If you accidentally make a transfer into the incorrect bank account,for example you accidentally transferred money to the petty cash account.You can reverse the transaction by transferring the same amount back from the petty cash account to the account from which it came. This is done by swapping the “from bank account” and “to bank account” of the original transaction.

Make sure that the date and the amount of the reverse transaction are the same as the original transaction.

The system is not directly linked to your bank account, so if you want to transfer money from one account to another, it cannot be done by the system - you have to login to your internet banking account and do the transfer there.


                         © Copyright d6 group (Pty) Ltd






    • Related Articles

    • Cashbook Report

      Reports > Finances > Transactions > Cashbook Report Type <Ctrl> <F> to search for words in the article How to generate a cashbook report Choose the period for which you want to generate a report for Choose the format of the report by clicking on the ...

    • Cashbook Accounts

      How to create a bank account Click on the create an account button. Enter the account code Enter the account name Choose the date from when the account is active You can add a sub-account if you want to but it's not compulsory Add a description if ...

    • Payments

      Finances > Cashbook > Payments Type <Ctrl> <F> to search for words in the article. This function enables the user to process or search for a payment. A payment in this regard is utilized when any funds are paid to an individual or institution from ...

    • Deposit

      Finances >  Cashbook > Deposit Type <Ctrl> <F> to search for words in the article. A deposit is a grouping of receipts that can then be taken to the bank and banked so that there's only one entry that will reflect on the bank statement. This deposit ...

    • Receipts

      Finances > Cashbook > Receipts Type <Ctrl> <F> to search for words in the article. A receipt is a document that proves that money was paid to the school and has been received. The System is a process-driven system and makes provision for various ...