Transfer accounts

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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Heidilr1
Posts: 81
Joined: Wed Oct 20, 2010 10:52 am

Transfer accounts

Post by Heidilr1 »

Do the transfer accounts have a normal debit or credit balance? (assets = debit; liab = credit). Still trying to figure out exactly how to use these transfer accounts and have them accurately reflect what is going on with the #s.

NeilZ
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Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Transfer accounts

Post by NeilZ »

Heidilr1 wrote:Do the transfer accounts have a normal debit or credit balance? (assets = debit; liab = credit). Still trying to figure out exactly how to use these transfer accounts and have them accurately reflect what is going on with the #s.
Did a search on +transfer +account, and came up with this thread:

http://powerchurch.com/forum/viewtopic. ... 02&p=20767

If you go through it, you'll see how they're used.
Neil Zampella

Using PC+ since 1999.

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