Transfer receipts

Transfer receipts

Used when money is transferred between accounts by phone or other means such as NetBanking, other than entering cheques and receipts. NOTE: This is NOT the best Entry to use for reflecting Commission Transfer as Journals showing movement in the G/L Commission Account should also be created at the same time. We suggest creating an Administration Cheque plus an Administration Receipt to show Commission Transfers.

  • Click on Add
  • Fill in To Bank Account & From Bank Account
  • Make sure the receipt dated is correct
  • Comment is optional
  • Fill in Transfer Amount
  • Click on SAVE (NB: Print will automatically save)

Note: When doing a Transfer receipt both entries are done at the same time. The bank account the money is coming from is credited (on the bank presentation page a credit will appear) and the bank account the mo ney is going to is debited (this will appear as a minus credit on the bank presentation page).

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