Accounting - Transfer Funds

Navigation: Accounting - Unit Accounting - Banking - Transfer Funds

Purpose: To record transfers made from the Operating Bank Account to the Reserve Bank Account.  This can be a straight transfer, equity transfer or a transfer made by cheque.

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• Enter Date
• Select from account
• Select to Account
• Enter Transfer Amount
• Enter Memo 
• Click Save

Note: Shiftsuite will show the ending balance for the selected accounts.

Equity transfer

• Check Equity Fund Transfer
• Select the Payable Account
• Select the Reserve Expense Account
• Select the Contribution Account

Cheque to be Printed

Note:  When this is selected, you will have the cheque created and ready for you to print from the Print Cheque function in Shiftsuite Accounting