Bank Transfer

Purpose

A funds transfer is used to move money from one bank account to another.

 

Usage

1. Choose a source account

This is the account from which money will be transferred. Either type the account number or use the lookup.

2. Choose a target account

This is the account to which the money will be transferred. Either type the account number or use the lookup.

3. Enter the date

This is the date on which the transfer will be recorded as having taken place.

4. Enter a document number.

The document number is used to uniquely identify bank transactions. You can look up these transactions later by their document number.

5. Enter an amount

This is the amount of money you are trying to transfer.

6. Enter a reference

You should have a reason for the transfer, so that you can later review your transactions and understand why they were made. Enter your reason in the Reference field.

7. Post

When you have entered all the information on the form and are ready to transfer the funds, click the Post button