Bank Transfers record the movement of funds between two accounts for which you are tracking transactions in AccountingSuite.

Create Bank transfer #

1. Navigate to Bank → Bank Transfer.
2. Adjust the date, if necessary.
3. Enter an Account from: and an Account to: by choosing accounts from the drop-down lists.
4. Enter the amount that is being transferred in the Amount field.
5. Enter a memo. (optional)
6. Save the document.

Accounting #

Recording a Bank transfer creates the following transactions in the General Journal:

• Debits: Asset account (chosen in the document)
• Credits: Asset account (chosen in the document)