Transferring Funds
Transferring Funds
The Transfer Funds screen is used to record movement of money between accounts within CINC Accounting. It can also be used to move money at the bank for AI (Accounting Integrators) customers. Non-AI (Accounting Integrators) customers must physically do that in person or online.
Select Banking > Transfer Funds. If you are using universal navigation, click Accounting > Banking > Transfer Funds.
Complete the following fields:
Transaction Date: Defaults to the current date.
From Account: Select the account from which to transfer.
To Account: Select the account to which to transfer funds.
Amount: Enter the transfer amount.
Saved Entries: Select to default fields to previously saved entries.
Save Entry Description: Required when clicking Save to keep this transaction for future use.
Transfer GL Description: Default is Funds Transfer.
For a balance sheet that records only operating accounts and a separate sheet that records only reserve accounts, enter additional GL debits and credits related to the transfer in the Additional Journal Entries section.
Select Post. The Pending Transfers screen displays the transfer just made.
