A Bank Transfer is a financial transaction that involves moving funds from one bank account to another within your organization. This function can be used for various purposes, such as transferring money from a bank account to a petty cash account, or between different bank accounts.

Steps to Perform a Bank Transfer:

1. From Account:

   • Select the account from which the funds will be transferred.
   • The bank balance of this account is displayed for your reference.

2. To Account:

   • Choose the destination account where the funds will be deposited.
   • The bank balance of this account is also shown.

3. Bank Balance:

   • This is automatically populated based on the selected accounts and shows the available balance before the transfer.

4. Payment Type:

   • Choose the type of payment involved in the transfer (e.g., Cash Account).

5. Transfer Date:

   • Set the date for when the transfer should take place.

6. Reference:

   • Enter a unique reference number for the transaction. This helps in identifying and tracking the transfer later.

7. Amount:

   • Input the amount to be transferred.

8. Bank Charge:

   • If there are any bank charges involved in the transfer, enter the amount here. This will be deducted from the total amount.

9. Memo:

   • Add any notes or descriptions relevant to the transfer for future reference.

10. Additional Options:

    • Choose File: Upload any supporting documents related to the transfer (e.g., receipts, invoices).
    • Enter Transfer: Click this button to finalize and execute the transfer.
    • Draft: If you are not ready to finalize, you can save the transfer as a draft to be completed later.