Enter a Bank Transfer

Bank transfers are a convenient way to transfer money from one bank account to another using Moveware. The currency of the bank accounts and finance charges are included in transfers if applicable.

How to Create a Bank Transfer 

1. Navigate to Banking > Bank Transfer in the main menu.

2. The transaction date is set to the current date by default. Enter a date or click on the Calendar icon [ ] to change the date if required.

3. Enter the reference and description of the transfer.

4. The Payment and Batch numbers are automatically allocated. Start a new batch by clicking the Start new batch  button next to the Batch field.

5. Select the payment method from the drop down box (e.g. Cash or Cheque).

6. Select the Account From and the Account To from the drop down lists.

7. Enter the values in Amount and Finance as applicable.

8. If the transfer is to or from a foreign currency account, Moveware will calculate the corresponding amount using the current exchange rate. The exchange rate can be changed to match the actual exchange rate provided by the bank.

9. Click Post. The transfer will be posted to the General Ledger as a Bank Transfer (BT) Journal.