Transfer money between bank accounts

Summary

How to record transfers of money between bank accounts in Sage Accounting.

Description

Types of bank transfer

When you’re moving money around your bank accounts in Accounting, use a Bank Transfer, for example:

  • Moving money between bank accounts such as your current and savings accounts
  • You make payments to your credit card set as a bank account
  • Repaying bank loans that you've recorded in your account
  • Paying money into a cash account, like petty cash

Resolution

Record a bank transfer

  1. Go to Banking, then select New and Bank Transfer.
  2. Enter the details and select Save.
  3. Click Save.

 NOTE: Read how to create Bank transfers between foreign currency bank accounts.


Using bank feeds or bank statements? Read Bank transfers using bank feeds or bank statements.

If you want to check previous bank transfers, see our View bank transfers article.

To record money transferred from a cash account use a Bank Deposit.

Related Solutions

Solution Properties

Solution ID
222001000100784
Last Modified Date
Tue Nov 12 10:31:00 UTC 2024
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