New Bank Transfer
A Bank Transfer moves money between your own accounts — petty cash into the bank, or one bank account into another. Nothing is earned or spent; the funds simply change location, so your liquidity stays accurately tracked across every account.
Where to find it
Go to Banking > Transfer, or use New > Transfer.
Field reference
| Field | Required | Description |
|---|---|---|
| Date | Yes | When the funds moved. The transfer appears on this date for both accounts' reconciliations. |
| Reference | Yes | The unique identifier, for example 013/2026, giving a clear trail for internal movements. |
| From (Source Account) | Yes | The account the funds are withdrawn from. |
| To Bank Details (Destination) | Yes | The account receiving the funds. |
| Payment Type | No | How the money moved. |
| Bank Balance | — | The balance on the source account, shown before you commit. |
| Amount | Yes | The value being moved. |
Memo (General)
A note explaining the movement — "week 12 takings banked", "float topped up".
Attachments
Attach the transfer confirmation or paying-in slip.
Custom Fields
Extra inputs where the standard form does not capture what you need.
Action Buttons
| Button | What it does |
|---|---|
| Update | Recalculates without committing. |
| Process Transfer | Finalises it, moving funds between the two accounts. |
General Ledger (GL)
| Account | Effect |
|---|---|
| Destination account | Debited — funds arrive. |
| Source account | Credited — funds leave. |
A transfer creates no profit or loss. Where the two accounts are in different currencies, the difference arising from the exchange rate is recognised separately — see Currency Revaluation.
Related pages
- Bank Transfer View — read a transfer in detail
- New Payments · New Deposits — money out and in
- Bank/Cash Accounts — the accounts involved
- Reconcile — matching against the statement