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Entering a Bank Transfer Readysell Lite Stores

Entering a Bank Transfer Readysell Lite Stores

Owned by Diane Partridge
Nov 20, 2018
A Bank Transfer is a electronic payment that is made directly from your bank account to another bank account.
Eg a payment made from your master bank account to your Visa Credit Card Account.- (in other words a bank-to-bank transfer/payment). 


If a transfer of money is presented on your bank statement, for readysell lite stores you will need to insert a bank payment as well as a bank deposit.
The date on both the bank payment and bank deposit must be the same.
The general ledger dissection on both the bank payment and bank deposit must be the same eg Suspense GL Account
The value on both the bank payment and bank deposit must be the same value
The taxcode on both the bank payment and bank deposit must be NTE.

Bank Payment (stand for the bank the money is going to be transferred/deposited FROM)

  1. From the Navigation panel click Financials>Cashbook> Bank Payment
  2. Click on 'New'

  3. Enter the date that is on the bank statement

  4. Insert a description eg Transfer to bank ???
  5. Select Tender = DD of SEFT
  6. Account = select the bank that the money is being transferred from
  7. Payment reference = bank transfer to ???


  8.  Bank Payment for Bank Transfer From Acc

  9. On the lines tab, select the account site = suspense  

  10. Ensure the tax code is NTE

     Bank Payment for Transfer line

    Click on Finalise.

Bank Deposit (stand for the bank the money is going to be transferred/deposited TO)

  1. From the Navigation panel click Financials>Cashbook> Bank Deposit
  2. Click on 'New'

  3. Enter the date that is on the bank statement (also being the same date as the bank payment)

  4. Insert a description eg Transfer from bank ???
  5. Select Tender = DD of SEFT (same tender used on the bank payment)
  6. Account = select the bank that the money is being transferred TO

  7. Payment reference = bank transfer from ???
    see screen shot below with header and lines details
    Click on Finalise

     Bank Deposit for Bank Transfer TO ACC

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