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<< Click to Display Table of Contents >> Record Bank Transfers |
  
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<< Click to Display Table of Contents >> Record Bank Transfers |
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To record bank transfers, perform the following steps:
1.Access the Record Bank Transfer function from the Transactions Menu of the Bank Reconciliation module.
2.To record a bank transfer, you must first set up the source bank account from which you want to record the bank transfer. The Source Bank # field automatically displays the bank account records available for use in the Bank Reconciliation module. Select from the list the bank's code for whom you want to record the bank transfer transaction.
Alternatively, you may manually enter in this field the characters of the bank # or bank account description. Select from the search result list the bank # that you want to use. Once a valid bank account is entered in the Source Bank #, the corresponding bank name, bank account number and account description will be displayed in the Source Bank Details area in the Information page.
3.Set up the target bank, transaction code, required settings and general information about this bank transaction by selecting and entering values in the fields and options on the Information Page. Refer to the Information Page section for detailed discussion on these fields and options.
4.To review the GL Account IDs used when recording this bank transaction, access the GL Distribution Page. Refer to the GL Distribution Page section for a detailed discussion on the GL Account IDs.
5.To enter a narrative description about the bank transfer, access the Remark Page. Refer to the Remark Page section for a detailed discussion about recording a remark that you want to include in this bank transaction.
6.To save the bank transaction click the Save button in the Transactions toolbar; otherwise, click the Cancel button to remove all the settings made or click the Close button to exit from this function without saving your settings. After the process is complete, AccountMate will display a message window informing you that the transaction is recorded and shows the bank transfer transaction number. Click Ok to close the window and return to the Record Bank Transfer function tab.
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