Entering clearing account transfers

Open 1-1 Checks/Bank Charges. In the Account# box, enter the source account.

In the Check# box, enter the bank transaction number or a dummy transaction number.

In the Date box, enter the date of transfer.

In the Description box, enter a brief statement about the transfer.

In the Vendor box, enter the vendor number.

In the Status list, click 1-Open.

In the grid, do the following:

In the Account cell, enter the clearing account to which you are transferring funds.

If the account selected has subsidiary accounts, enter the number in the Subaccount cell.

In the Debit Amount cell, enter the amount of the transfer.

On the File menu, click Save.

Open 1-2 Deposits/Interest. In the Account# box, enter the destination account number.

In the Deposit# box, enter the bank transaction number or a dummy transaction number.

In the Date box, enter the date of the transfer.

In the Description box, enter a brief statement about the transfer.

In the Status list, click 1-Open.

In the grid, do the following:

In the Account cell, enter the clearing account from which funds originate.

If the account selected has subsidiary accounts, enter the number in the Subaccount cell.

In the Credit Amount cell, enter the amount of the transfer.

On the File menu, click Save.

Tip: You can verify the complete transfer of funds by viewing the clearing account balance in 1-7 General Ledger Accounts.

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