Creating a Bank Transfer

Bank Transfers are created manually in the “From” Bank Account” specifying the “To Bank Account, the date, and the Exchange Rate.

In practice these are often recorded after the Transfer has taken place because it is generally not possible to know the exact Exchange that will be used in advance.

Step-by-Step Process

1. From the Bank Menu, select a Bank Account, and then click Bank Transfer.
2. Select the “To Bank Account”
3. Enter the Date
4. Edit the Exchange Rate which has been defaulted in from the Currency Exchange Rates
5. Add a Reference
6. Enter  the “From Amount”
7. The “To Amount” will be calculated from the Exchange Rate
8. Click Save & Post