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Fund Transfer Form
Occasionally you may need to record transfer of funds from one bank account to another or to your cash account. You can display the Fund Transfer Form by clicking on the  Transfer button on the Main Toolbar.
When you transfer funds, you need to enter a Payment entry from one Bank or Cash Account and enter a corresponding Receipt Entry for the Receiving Bank/ Cash Account. Basically the Fund Transfer form simplifies the task of adding these 2 entries in one form.
PAYMENT SECTION
Pay From Account : Select the account from which you are paying out funds.
Payment Mode : Select the mode of payment e.g. Bank Transfer or Cash Payment.
Description : Enter any description for the payment side of the description.
RECEIPT SECTION
Pay To Account : Select the receiving Bank/ Cash Account
Receipt Mode : Select the mode of payment e.g Bank Transfer or Cash Deposit.
Description : Enter any description for the receipt side of the description.
DETAILS
Transfer Date : The date of the fund transfer.
Amount : The amount transfered
Transfer Account : This is a special account used record interbank transfers. You can use the default given 3800 or define your own account. This Account should be defined as a Current Asset so as not to affect your Income & Expenses Statements.
Cheque No : If the transfer was by way of Cheque/ Check payment, record the Cheque number here.
Clicking the [OK] button when you have finished will create a Payment Entry in From Bank/ Cash Account and a corresponding Receipt Entry in the To Bank/ Cash Account.
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4 (50%)
4 (50%)
Introduction
