Inter bank fund transfer through manual operation

Inter bank fund transfer through manual operation

From the Accounting Dashboard, Click on Reconcile item on the fund transferring bank.

Select the relevant bank feed

Go to the Manual operation tab

Fill up the relevant details

• Account: Liquidity Transfer
• Tax: No GST

Click on validate

And then from the Accounting Dashboard, Click on Reconcile item on the fund recipient bank.

Select the relevant bank feed

Go to the Manual operation tab

Fill up the relevant details

• Account: Liquidity Transfer
• Tax: No GST

Click on validate

To check the recorded transactions for the inter bank transfer, go to reporting and select general ledger

Find the liquidity transfer account and there you will be able to see that the transection is debited for the transferring bank account and credited for the recipient bank account.

To view the journal entries of the transactions click on view journal entries and you will directed to journal entries of the particular transaction.