Create a bank transfer

Create a bank transfer to record money leaving one bank account and moving to another bank account. Open Menu, select Banking, and then select Cash management.

Before you begin

Open Menu, select Accounting > Chart of accounts, and create at least two active bank accounts. See Create an account. Then open Accounting > Settings, open Accounting preferences, select an account in the Intermediary account field, and select Apply. The sending and receiving accounts must be different.

Create the bank transfer

  1. Open Menu, select Banking, and then select Cash management.
  2. On the Bank transfers card, select Create new.
  3. Select the sending account and enter a positive amount, date, and memo, as needed.
  4. Select the receiving account.
  5. To record a fee, select Add fee, select the fee account, enter a memo and positive amount, and then apply the line.
  6. In the Accounting section, review the posting period.
  7. Select Submit.

QuickStart credits the sending account and debits the default intermediary account. Any fee also affects the selected fee account. The bank transfer has an In transit status until you create its bank transfer deposit.

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