Transferring funds between bank accounts just got a lot easier! At the top of your bank account ledger, there’s a new button labelled Transfer. Just click it to open up the transfer window (see below). You can easily make a funds transfer in the system between bank accounts with much more ease. This tool will automatically create the debit transaction (on the from account) and the credit transaction (on the to account), and link them together.
Of note: This function is for record keeping purposes only. The function does not actually transfer funds between your bank accounts. You continue to do that directly with your banking institution.
And how will this transaction appear on the reconcile report?
Transfers will show up on the reconciliation reports like all other transactions. You will be able to mark them accordingly.
It would be beneficial to my organization to be able to attach documentation to the transfer, Could you please add that ability?
Great idea Scott. I will pass along your feedback to the development team!