Transfer of Funds

Voiding a transfer of funds requires two entries. First, void the disbursement or journal entry. Second, void the journal entry or manually reverse the receipt. If the Journal Entry Approval Process is enabled, any journal entries generated through a transfer of funds are automatically assigned a System Approved status.

1. Access the General Ledger area.

   From the Home screen, do one of the following:
   

   • Click General Ledger on the navigation panel.
   • Click Areas > General Ledger on the menubar.
   • Click the down arrow next to Home on the options bar and select General Ledger.

   To access the General Ledger from another area of the program, do one of the following:

   • Click Home > General Ledger on the menubar.
   • Click the down arrow next to Home on the options bar and select General Ledger.
2. Click Actions > Transfer of Funds on the options bar or menubar.

3. In the Transfer of Funds window, the current system date defaults into the Effective date field. You can change it if necessary.
4. The current Accounting month defaults but can be changed.
5. Optionally choose a Schedule.
6. Enter a Description of the funds transfer.
7. Enter the Amount of the transfer.
8. In the From section, select the Type:
   
   • Journal entry
   • Disbursement
9. Select the Bank account from which to transfer funds.
10. Select the Agency from which to transfer funds.
11. Choose a Vendor if applicable.
12. If you chose Disbursement in step 8, select the Print cheque checkbox if applicable.
13. In the To section, select the Type:
    • Journal entry
    • Receipt
14. Select the Bank account to which to transfer funds.
15. Select the Agency to which to transfer funds.
16. Click Finish.
    
    Click Cancel or press [Esc] to exit the workflow without making the transfer.