Bank Transfer
Use this process to transfer funds from one bank account to another bank account.
A transfer can occur from a base to a base account, base to non-base and non-base to non-base. If the transfer amount is between two different currencies, updating either amount will fill in the opposing amount using the current exchange rate.
If the current exchange rate is incorrect, it may be updated. Go to the Currency List and run the Update Rates option to adjust the exchange rate.
A Reference Number is required to post the transfer.
Bank Balance in the Currency : Since the Balance Sheet shows the balance of the banks in the base currency, use one of the following three options to get the balance in the non-base currency;
1. Currency Gain/Loss adjustment screen. Select the Non-Base Currency Bank and view the “Balance (XXX)”
2. Check Processing screen. Select the Non-Base Currency filter, and the Non-Base Currency Bank. View the “Ending Balance”
3. G/L Transactions – Select the Bank Account and “Include Amounts in Non-base Currency”. Total the Debits and Credits column of the Non-Base Currency.