DESKTOP EDITION CLOUD EDITION SERVER EDITION THEMES GUIDES FORUM
Guides

Transfer money between bank and cash accounts

An inter account transfer is the movement of money from one bank or cash account of a business entity to another. No funds enter or leave the business. A transfer is not possible unless the business has at least two bank or cash accounts. Examples of transfers include:

Note
Inter account transfers can be instantaneous, as when moving money online between accounts in the same bank. Or they may remain pending for several days, as when mailing a cheque to pay a credit card statement.

Enable the Inter Account Transfers tab

Click Customize below the left navigation pane, check the box to enable Inter Account Transfers, and click Update at the bottom of the page:

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Enter the transfer

In the Inter Account Transfers tab, click New Inter Account Transfer:

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Complete the entry (some fields appear as you progress):

Click Create to finalize the transfer:

Note
Transfers do not appear in the Bank Transactions or Cash Transactions tabs. They appear in drill-down listings of individual accounts accessed from the Summary, Bank Accounts, or Cash Accounts tabs.

Caution
Remember, an inter account transfer only records a transfer. It does not actually move any money. You must take action to withdraw and deposit, make the online transfer, or send the cheque.

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