Transfer Funds

Monies can be transferred between your accounts using the Transfer Funds function. This can be accessed by via the Account Transfers icon on the Financial Tab in the General group of the ribbon menu.

This function should only be used to transfer a lump sum of money between Client Accounts. Note that specific transfer functions are available to Transfer Fees and Transfer Deposits.

If you are transferring funds for a Landlord with multiple properties refer to the topic. on Multiple Properties.

Transferring Funds

Select the Bank Account the funds are coming from
Select the Bank Account the funds are going to
Select the Date for the transfer to occur
Select the Amount to be transferred
Optionally add Statement Notes
Click Save and click Yes to the confirmation if you wish to proceed otherwise click No.

This will create a 'Paid' debit transaction in the account you are moving from and an 'Allocated' credit transaction in the account you are moving to. In both instances the transactions are against the Bank Transfer product and a description is written to the Notes field Transfer to Deposit.

Transfer between a Landlord's Properties

To cover a maintenance charge. Go to the Contact's Property click Menu and Transfer Funds. Choose a Product which is not set to charge fees. Most of the details will be pre-filled (check they are OK) and then in the Account To Transfer To field select the Property you are transferring to. Fill in the other fields such as the date, amount and any statement notes. Click save.