You can perform inter-account transfers to transfer cash between company bank accounts of the same currency. Use inter-account transfers to concentrate your company cash into a single account, or to provide funds to an account for special circumstances.

If you set the Settlements: Automatically Authorize Inter-account Transfers parameter to Yes, the inter-account transactions are automatically authorized for settlement in the Settlements window. If you set the parameter to No, you must manually authorize the settlements in the Settlements window. For more information, see: System Parameters.

Entering Inter-Account Transfers

Use the Inter-Account Transfers window to transfer funds between two company bank accounts.

To transfer funds between two company accounts

1. In the Inter-Account Transfers window, select the dealer and the company, and enter the date for the transfer.

2. To transfer the actual cash flow balance from the Bank Account Balances window, select the Actual check box. To use the projected cash flow balance, select the Projected check box. The projected balance is the actual cash flow balance plus all cash flows that occur between the last statement date and the transfer date.

3. To a review the current transfers, choose the Review Transfers button.

4. Insert your cursor in the Account Balances region. The closing balances for each company account appears.

5. In the From Bank Code field, select the bank code for the account from which you want to transfer funds. The bank account name appears in the From Account Name field. If you have more than one account at the same bank, in the From Account Name select the bank account name.

6. In the Pay Amount field, enter the amount of funds you want to transfer.

7. Select a portfolio for the transfer.

8. Select a product type for the transfer.

9. In the To Bank Code field, select the bank code for the account to which you want to transfer funds. The name of the bank account that is held at the selected bank appears in the To Account Name field.

10. If you have more than one account at the same bank, in the To Account Name field select the name of the bank account to which you want to transfer funds.

11. Save your work.

Viewing Inter-Account Transfers

Use the Inter-Account Transfer Transactions window to view a list of your inter-account transfers.

To view an inter-account transfer

1. In the Transfer Date field of the Inter-Account Transfers window, enter a date for which you want to view your inter-account transfers.

2. Choose the Review Transfers button. The Inter-Account Transfer Transactions window appears, listing all inter-account transfers for the specified date.