How do I make bank transfers?

Cash transfers between bank accounts require two entries:  a Deposit and a Withdrawal type transaction.  If the transfer is between county accounts, there may need to be an Interfund Transfer in conjunction.

Go to Transactions > General Ledger

Withdraw

  1. Click Add New
  1. Select Date the transfer was initiated on.
  2. Select Type Withdraw
  3. Enter Vendor number or double click in field to select from list.  Possible options for this would be the bank or county treasurer.
  4. Enter total Amount of dollars to transfer
  5. Select the Account to transfer money from
  6. Enter a Memo to record reason for the transaction. Very important in this instance to enter a memo!
  7. Click Save & Next to begin a new transaction

Deposit

  1. Select the Date transfer was initiated.
  2. Select Type Deposit
  3. Enter Vendor number or double click in the field to select from list, use the bank vendor.
  4. Enter total Amount of dollars to transfer.
  5. Select the Account  sending the money to.
  6. Enter a Memo to record reason for the transaction. Very important in this instance to enter a memo!
  7. Click Save & Close to begin another new transaction.

If transferring money between funds, there needs to be an Interfund Transfer to keep the Treasurer's Report page 1 (Internal Funds) and page 2 (External Cash Accounts) in balance.  See How do I create Interfund Transfers?

Congratulations, you are done!

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