Transfer Funds Between Banks in Sage 300cloud

Daily operations often require the transfer of funds between banks. See how to perform a bank transfer in Sage 300cloud.

 

Here are steps to record a bank transfer in Sage 300cloud:

1. Enter a description for the transfer. 
2. Enter the Bank Codes for which the transfer will be made.
3. Enter the transfer amount. NOTE: For multicurrency systems, transfers can be made between banks with different currencies.
4. Enter any applicable service charges for each bank. Caution this section is for Service charges only and is not normally used. Service charges are more commonly entered in a Bank Entry.
5. Click Post to post the transfer.

 

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