Overview

A Bank Transfer is a transfer of funds from one bank account to another.Before a Bank Transfer can be entered please ensure the following are set up: 

Reference

Buttons

Refer to Common Buttons.

Fields

General Tab

1.Setting Up General Ledger Account for Contra.

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1. Log onto Readysell
2. Select "
3. "Administration'
4. Select 'Advanced'
5. Select "System Types"
    
6. Click on Name = 'Cashbook' Description = 'Cashbook Settings"
7. Click on Code = Bank-Transfer-Contra-Account
8. Ensure that the Contra account that was set up is inserted into the Description Field. (Making sure the Contra account is in the right part of the chart of accounts.)
9. Click on 'Save'
10. Click on Code = 'The ID of the tender use for the resultant transactions of bank transfers'
11. Ensure that the correct tender type is inserted into the Description field
12. Click on 'Save'

Entering a Bank Transfer (CBKTRN)

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1. Click on "New"
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2. If you are working off a bank statement then use the date off the bank statement, however if you are physcally making the transfer now enter todays date.
3. Select the 'From Account Site' (from bank account)
4. Select the 'To Account Site' (to bank account)
5. Enter the full value of the bank transfer.
6. Enter a description as to why you are making the bank transfer
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7. Click on 'Finalise' to complete the transfer.
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   The system will generate a Bank Deposit and a Bank Payment. The system will also give you both transaction Numbers within the view. 
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