Internal Money Transfers

Create a New Money Transfer is a form to create money transfers between the company’s money accounts. It is available in the Money -> New Operation menu. 

Money transfers between the company’s money accounts are recorded through a transit money account. You can change your transit money account in the default accounts settings in the My Company -> Settings -> Accounting -> Default Accounts menu. 

You can fill only part of the form - only an incoming or outgoing payment. The form automatically creates the other part of the transfer indicating its type as Money Transfer. The unbalanced amount in the transit account can be written off as correction, bank charge or exchange rate difference.  

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