This Cashbook function allows the transfer of Cashbook transaction entries to different banks.
When entering a Bank Transfer batch, you must select Transfers as the Batch Type.
Each entry is then allocated a bank code to identify the receiving bank.
When posting a bank transfer batch, a batch will automatically be created in the receiving bank.
These batches are created as Normal Entry batch types.
Full currency information can also be entered if multi-currency is activated.
If the transferring bank is in yen and the receiving bank in dollars, you can enter the exchange rate between these two currencies.
Note: Cashbook does not do any exchange gain or loss calculation as these calculations do not affect the bank account. The General Ledger will be able to calculate or re-evaluate the gain or loss for each transaction.