Record a Bank-to-Bank Funds Transfer

You can document internal fund transfers between operating accounts or between credit and operating accounts. There are two options:

1. Transfer Funds from Business/Operating Bank Account to other Business/Operating Bank Account
2. Transfer Funds from Business/Operating Bank to Credit Card Bank

Note: For recording a transfer from trust to trust, refer to the Matter to Matter Internal Trust Funds Transfer.

Transfer Funds from a Business/Operating Bank Account to another Business/Operating Bank Account

To record a bank-to-bank funds transfer:

1. From the left navigation panel, click Banking.
2. From the toolbar atop the Bank screen, click Action > Bank-to-Bank Transfer.
   
3. The Banking screen will read: Welcome to Bank to Bank Transfer: This is a quick way to transfer funds between operating/business bank accounts to another operating/business or credit card bank account. Click Next to Continue.
4. Select the first transfer option: Transfer Funds from a Business/Operating Bank Account to another Business/Operating Bank Account
5. Enter the Amount, and Select the corresponding Bank Accounts.
   • Upon choosing the account, the current balance before the transfer will be visible beneath each of the respective accounts.
6. Click Next.
7. Enter the  additional details:
   • Transfer Date
   • Transfer Type
   • Transfer Method
     • If Check is selected, check the To be Printed box, if applicable.
   • Payee
   • Memo, if applicable
8. Click Next.
9. Summary Review: Almost done! Review the summary information carefully. In case of any change, go to previous steps by clicking the back button.
10. Once done click the ‘Complete Transfer’ button to finish.