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Cash Transfers |
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CASH TRANSFER BASICS WORKING WITH CASH TRANSFER RECORDS RELATED TOPICS When to Use Cash TransfersUse cash transfers to handle any transfer of funds that can't be handled through an ordinary business transaction.Cash transfers are most often used to transfer funds between Utility accounts, if you've set up a 'classic' set of bookkeeping accounts.
You can also involve project and overhead accounts in cash transfers. Entering Cash TransfersTo enter a Cash Transfer, follow these steps:
Data FieldsEnter the following information for each Cash Transfer:Pay From Type-- Choose the type of account from which funds will be taken. Date-- Enter the date of the transfer. Using Cash TransfersA cash transfer does not affect accounts payable, billing or job costs. All it does is subtract money from one account's current balance, and adds it to the balance of another account.You probably will never need to use Cash Transfers, but they are available in case you need to make an account adjustment and can't figure any other way to do it. Main Page | Accounts | Lists | Transactions | Menus | Index | Website | User Page |