Bank Transfers

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:

1.Setting Up General Ledger Account for Contra.

Log onto Readysell
Select Financials
Select General Ledger
Select One of the Views
Highlight one of the accounts in the Assets Area near Bank or whereever the site whichs to set up that account.
Click on Copy
Change the GL Account
Change the Description
Ensure that 'Is Bank' is OFF. Depending where in the chart the account is set up please ensure that the other fields are checked before saving the new account. 

Click on OK to Save 

2.System Reference:

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)

1. Log onto Readysell
2. Select "Financials"
3. Select "Cashbook"
4. Select "Bank Transfers"
    
5. Click on "New"
    
6. 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.
7. Select the 'From Account Site' (from bank account)
8. Select the 'To Account Site' (to bank account)
9. Enter the full value of the bank transfer.
10. Enter a description as to why you are making the bank transfer
     
11. Click on 'Finalise' to complete the transfer.
     
    
    
12. The system will generate a Bank Deposit and a Bank Payment. The system will also give you both transaction Numbers within the view.