The Inter Account Transfers tab allows you to record transfers of money between your bank and cash accounts within the same business.
Use this tab whenever you move funds from one account to another, such as depositing cash into the bank or transferring between different bank accounts.
To create a new inter-account transfer, click the New Inter Account Transfer button.
You can also convert existing Payment and Receipt pairs into inter-account transfers.
This is particularly useful when importing bank statements. The import process may create separate payments and receipts that actually represent transfers between your accounts. These can be easily converted to proper inter-account transfers.
Learn how to convert payment/receipt pairs: New Inter Account Transfer
The table below shows all your inter-account transfers with various details in columns.
There are following columns:
The Date column shows when the transfer between accounts occurred.
The Reference column displays the unique reference number for each inter-account transfer.
The Paid from column shows the name of the bank or cash account from which the funds were transferred.
The Received in column displays the name of the bank or cash account where the funds were deposited.
The Description column contains any optional notes or details about the inter-account transfer.
The Amount column shows how much money was transferred between accounts.
The total of all transfers appears at the bottom of this column.
You can customize which columns are visible by clicking the Edit columns button.
Learn more about customizing columns: Edit columns