Inter account transfer (bank transfer)

Find this screen

Open: Cash Book > Enter Transactions > Inter Account Transfer

How to

Enter a bank transfer using the same currency

Open: Cash Book > Enter Transactions > Inter Account Transfer

Select the Payment account bank account.

Note: You can't select accounts that are used for Salary and Supplier Payments.
Select the Receipt account bank account.
Enter the Transfer details.
- Enter general details, such as Description, Reference, Second Reference and Transfer date.
- Enter the Payment value of the transfer.
Select Save.

Enter a bank transfer using different currencies

Open: Cash Book > Enter Transactions > Inter Account Transfer

Select the Payment account bank account.

Note: You can't select accounts that are used for Salary and Supplier Payments.
Select the Receipt account bank account.
Enter the Transfer details.
- Enter general details, such as Description, Reference, Second Reference and Transfer date.
- Enter either the Payment value or the Receipt value in the appropriate currency.
  
  The remaining value is automatically calculated for you, based on the exchange rate.
- If you want to change the Exchange rate, select Change Rate.
Enter the Commission details to record a currency exchange commission charge.
- Enter the Commission value. The currency will depend on which account you choose to pay the commission.
- Select which bank to Pay commission from, either the Payment Account or Receipt Account.
- The Commission account displays the nominal account that will be used for the commission charges. By default this shows the Bank Charges nominal account set for the payment or receipt bank account you have chosen. You can change this nominal account if required.
Enter the Nominal postings details.
- An exchange rate is displayed for each account that doesn't use the base currency, so you will see either one or two exchange rates.
  
  Check the exchange rates for Payment to base rate and Receipt to base rate.
- To change the exchange rate for a bank account that uses a foreign currency, select Change Rate.
  
  When you change an exchange rate, the Exchange difference is calculated.
- If there is an Exchange difference (value is not zero), you can choose the Nominal account used to post the exchange rate differences. By default this shows the Exchange differences nominal account set for the payment or receipt bank account you have chosen. You can change this nominal account if required.
Select Save.

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Useful info

Outcomes of recording a bank transfer

The receiving bank account is debited and the paying bank account is credited.
Commission nominal account postings are made, if you included a currency exchange commission.
Currency exchange postings are made, if applicable.