sugaryling
11-01-2007, 10:29 AM
If I make a transfer within the same bank in one company, I just go to BANKING>TRANSFER FUNDS. No check is written out (online transfer) and hence, no physical deposit at the bank as well.
Now, how do I record a transfer from two different banks in the same company? This is when I want to write a physical check from one bank to the other. This is how I'm doing it now:
1. Open write check screen and write a check from the account that I want to send money from.
2.The payee will be the same company name, of course.
3.Under account, I choose the bank that the money is going into.
4. Done! This method will debit one account and credit the other.
But, shouldn't it go into the "undeposited funds" account, just like all checks that I deposit? This way after I make the deposit at the bank, I can go into BANKING>MAKE DEPOSITS and check off the transfer check? How do I record a transfer with this method (if it's teh rigth method)?
Thanks!
Now, how do I record a transfer from two different banks in the same company? This is when I want to write a physical check from one bank to the other. This is how I'm doing it now:
1. Open write check screen and write a check from the account that I want to send money from.
2.The payee will be the same company name, of course.
3.Under account, I choose the bank that the money is going into.
4. Done! This method will debit one account and credit the other.
But, shouldn't it go into the "undeposited funds" account, just like all checks that I deposit? This way after I make the deposit at the bank, I can go into BANKING>MAKE DEPOSITS and check off the transfer check? How do I record a transfer with this method (if it's teh rigth method)?
Thanks!