Transfer funds between accounts

What this does

Use Fund Transfer to move money between your own cash and bank accounts, for example from a current account to a savings account.

Before you start

Both accounts exist in Cash and Bank Accounts.

Open Fund Transfer

Go to Menu > Finance > Fund Transfer.

Steps

1. Click Create. Set the Datetime and a Description.
2. Under Funding Source, set the Fund Type and Fund Item (the account money leaves), the Currency and the Amount, plus any Outbound Fees.
3. Under Funding Destination, set the account money lands in, its Currency and Amount, plus any Inbound Fees.
4. Add Transfer details, set the Transfer status (Pending or Completed) and the clear date.
5. Click Create, then Approve when ready.

Field guide

• Funding Source. The account money leaves, its amount and any outbound fees.
• Funding Destination. The account money lands in, its amount and any inbound fees.
• Transfer status. Pending or Completed.

Related

• Add cash and bank accounts
• Reconcile accounts