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How to record a Bank Transfer?

Need to issue fund transfer from one bank account to another. 

 

Resolution:  

Bank Transfer done electronically (Does not require printing of check). 

1. Navigate to Manage > Bank Register > Select the Bank Account where funds came from 
2. Start a new row by selecting a Posting Date 
3. Select Entry Type = Bank Transfer 
4. Enter the Payment Amount 
5. Click Save 
6. Select the Bank Account where the fund is deposited 
7. Click Save

Bank Transfer by writing a check.

Create a Vendor Invoice to record the Accounts Payable Amount

1. Navigate to Manage > Vendor Invoice > Create New Invoice
2. Select the Vendor and Date
3. Select a clearing account or miscellaneous account
4. Enter the Amount and Click Save
5. Create a Vendor Payment to issue the check in Manage > Vendor Payments
6. Select the Vendor and mark the amount to pay
7. Click Pay button
8. Select Print Check Now and select the Bank Account the funds are coming from, the check date, and the check number
9. Click OK to print

Create a new Deposit in the Bank Register for Bank Account the funds were sent to

1. Navigate to Manage > Bank Register
2. Select the Recipient Bank Account
3. Start a new row by selecting a Posting Date
4. Select Type = Deposit
5. Enter the Amount (Deposit Column)
6. Click Save
7. Select the same clearing or miscellaneous account used on the vendor invoice
8. Click Save