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Fund Transfers

Intro – Fund Transfers

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.

 

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