Accounts
Transfer Money between bank accounts
Sometimes you need to transfer money between bank accounts, or to draw cash or to pay off a credit card. To record this, you can use the Bank Transfer option, which is quick and easy to use.
To Use the Bank Transfer option
1. Click Bank accounts.
2. Click the account you want to move the money from.
3. Click Bank transfer.
4. Complete the boxes as required.
a) From* box will be filled in automatically TAB
b) To* this is the account you are transferring the money to TAB.
c) Date* the transfer is being made TAB.
d) Ref you can enter a reference here if required TAB.
e) Ex.Ref you can enter an extra reference here if required TAB.
f) Details enter any details as required TAB.
g) Payment Amount* enter the amount of the transfer
5. Click Save then click Close.
To edit a bank transfer
If you have made a mistake with a transfer you can edit a transfer if required.
1. Click Transactions
2. Click one line of the transfer journal you want to edit.
3. Click Edit then amend the details as required.
4. Click Save and click Close.
To delete a bank transfer
Some times you might need to delete a bank transfer, for example if you have entered a transfer twice.
1. Click Transactions
2. Click one line of the transfer journal you want to delete.
3. Click Delete, then click Delete again.
4. Click Save and click Close.
We have assumed above you are transferring money between bank accounts of the same currency. If you need to transfer money between bank accounts of a different currency, for example a Stirling (£) account to a Euro (€), you should follow a different process, please contact us for details on how to do this.
If you would like help processing bank transfers or need help correcting any bank transfer or need any other help with your Sage Accounts please contact us
