A Fund Transfer is used to record the movement of funds from one bank account to another. Fund transfers is a posting transaction.
Create a New Fund Transfer
- Go to Bank / Credit Card on the left sidebar, and select Fund Transfers
- Click Add New button.
- Fill in the following fields
- Date: The default date is today.
- From Account: Select the bank account from which you are withdrawing the money.
- Destination: Select the bank account where you are putting the money.
- Amount: Enter the transferring amount.
- Destination Amount: You can specify the destination amount if the source and destination bank currencies are different.
- Memo: if any
- Click Save.
