One of the important functions in cash office is to transfer funds between banks and branches as per funds requirement.
Funds are required to be transferred from one bank to another, Post a journal entry by debiting the bank in which funds are required with the required Business area and crediting the other bank account with the other business area and the system automatically will split the document as flowing:
Account Head
Dr / Cr.
B.area
Amount
Remarks
Branch bank
Cr.
A
XXX
From bank
Head office bank
Dr.
B
To main bank
The system automatically will split the document
Business area Recon.
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