Field descriptions: Funds transfers

View

View details about the funds transfer.

Date

The date that the transfer was made. You can also filter the list by date.

Description

A description about the funds transfer.

From account

The originating account (the account that funds were transferred from).

To account

The receiving account (the account that funds were transferred to).

Transaction amount

The amount that was transferred, in the currency of the receiving account.

Reverse

Reverse the transfer.

From account/To account

Select the cash account to transfer from and the account to receive the transfer.

Administrators can preset a default bank account on the Configure Accounts Payable page. This choice populates both the From and the To accounts.

Trying to pay off a credit card balance? Funds transfers to or from a credit card are not supported. Instead, go to the Charge payoff page to create an AP purchase invoice for the charges and pay it on the Pay AP purchase invoices page.

Balance

The balance for each of the selected accounts automatically appears. If each account uses a different currency, the base currency for each bank is used.

Currency

If the currency used by the two accounts differs, each currency type appears.

Date

Enter the date on which you actually made the transfer.

Amount

Enter the amount that you transferred. Generally, these will be positive numbers, however, you can enter negative ones. A negative number appears as a negative credit in the Credit card register.

Reference number

Enter the transaction number from your records.

Description

Add an optional note to describe this transfer.

Attachment

You can provide permanent, safe storage of supporting documents for the transaction by uploading them as an attachment. Learn more about who can add attachments.

If you’re using Firefox, or IE 10 or later, you can drag and drop your files to add an attachment.

Transaction currency

The currency of the receiving account for the fund transfer automatically appears here.

Exchange rate date

The date of the exchange rate defaults to today; however, you can override this. For example, maybe you’re making the transaction date other than today. You might want to match the exchange rate to that date.

Exchange rate type

If your company uses custom exchange rate types, the dropdown list contains choices for them, where one might also be a default. For example, your company could have Monthly, Weekly and Spot rate types along with their various exchange rates. Alternatively, if your company has not defined any custom exchange rate types, you can use the Intacct Daily Rate.

Exchange rate

You can override the default exchange rate. For example, if you know the exchange rate for this transfer, you can enter it in Exchange rate to override system calculations.

List of standard and user-defined dimensions

Select dimension values for tracking and reporting purposes.

Book ID

Indicates the reporting book the journal posts into. This can be either Accrual or Cash, depending on the reporting method set up in the General Ledger.

Journal

The journal into which the transaction posted.

Journal no

Select to drill down to the Journal entries page.

Date

The GL posting date.

Line no.

The line number represent the line in the journal entry that corresponds to the posting entry of the transaction.

Account number

The account number of the account to which the transaction posted.

Account name

The GL account to which the transaction posted.

Location

The location assigned to the transaction.

Debit txn amount

The amount debited from the account.

Credit txn amount

The amount credited to the account.

Memo

The memo for the transaction. This could be something that clarifies the reason for the transaction.