Cash Transfers

Use Cash Transfers to move money from one account to another, when no other transaction will do the job.

HINT-- Cash transfers are an optional part of the Goldenseal accounting software. You probably won't ever need to use them!

       Entering Cash Transfers | Data Fields | Using Cash Transfers

       Entering Records | Changing Records | Deleting Records | Voiding Records
       Finding Records | Sorting Records | Fixing Mistakes

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       Accounting Software | Bookkeeping Software | Job Costing Software

       Asset Transfer | Cost Transfer | Equity Transfers | Inventory Transfer

When to Use Cash Transfers

Use cash transfers to handle any transfer of funds that can't be handled through an ordinary business transaction.

Cash transfers are most often used to transfer funds between Utility accounts, if you've set up a 'classic' set of bookkeeping accounts. You can also involve project and overhead accounts in cash transfers.
NOTE-- To transfer cash to or from a cash account or a bank account, create a bank transaction and use Transfer In or Transfer Out as a transaction type.

Entering Cash Transfers

To enter a Cash Transfer, follow these steps:

  1. Choose Special Transfers from the Bank menu, then choose Cash Transfers from the submenu.
  2. Click the New button, or choose New Record from the Edit menu.
  3. Enter details for the transfer.

Data Fields

Enter the following information for each Cash Transfer:

Pay From Type-- Choose the type of account from which funds will be taken.
Pay From-- Choose the account from which funds will be taken.
Amount-- Choose the amount that is being transferred.

Date-- Enter the date of the transfer.
Record Number-- A record number is entered automatically.
Pay To Type-- Choose the type of account to which funds will be paid.
Pay To-- Choose the account to which funds will be paid.
Comments-- Add any comments you have about this transaction.

Using Cash Transfers

A cash transfer does not affect accounts payable, billing or job costs. All it does is subtract money from one account's current balance, and adds it to the balance of another account.

You probably will never need to use Cash Transfers, but they are available in case you need to make an account adjustment and can't figure any other way to do it.