Transfers and Advances

Create a Transfer

Go to Transactions/ Transfer-Advances

Click + Create
Select Transfer
Enter Details:
- Amount
- Date (System will default to current date)
- Description
Select Account from the drop down menu or Search with (accounts will show by the type entered ie: Transfer)
- Debit Account Function 72**
- Credit Account Receipt 51**
Optional: Select Create New or Close
Click SAVE
Click the X in the upper right corner to close the window

Edit a Transfer

Go to Transactions/ Transfer-Advances

Enter filters in grid rows to find the transfer to edit
Click on the to edit the Transfer
Modify current info
Click SAVE
Click the X in the upper right corner to close the window

Create an Advance

Go to Transactions/ Transfer-Advances

Click +CREATE
Select Advance
Enter Details:
- Amount
- Date (System will default to current date)
- Description
Select Accounts from the drop down menu or Search with (accounts show by the type entered ie: Advance)
- Debit Account Function 74**
- Credit Account Receipt 52**
Optional: Select Create New or Close
Click SAVE
Click the X in the upper right corner to close the window

Repay an Advance

Go to Transactions/ Transfer-Advances

Click on the (on the left side of the grid) for the Advance you want to repay
Click on the icon in the Repayments section to add a Repay
- Enter the Amount
- Enter the Date (System will default to current date)
- Enter a Description
Select Accounts from the drop down menu
- Debit (Expenditure) Account with Function/Object 74xx-92x
- Credit (Revenue) Account with Receipt 522X
Click SAVE
Repay will show in Repayments section
Click the X in the upper right corner to close the window

Advances may be paid in increments

If there is money to be repaid the "Repaid" checkbox will not be checked. The Repaid/Repayable status can also be added to the Transfers/Advances grid to sort on.