Help with transfers between checking and savings account

[kelliann]

I know this is a very basic question for ya'll but I am new to PC and was wondering if someone could explain to me, in the simplest of ways, how to post a transfer of money from a checking account to a savings account.

All accounts are already set up in the COA.

Thank you in advance!

[Zorak]

If the two accounts are in the same accounting fund (the first two digits of the account number are the same) then the transaction would be as follows:

01-1110-000 Checking (credit) 500.00
01-1210-000 Savings (debit) 500.00

If the accounts are in two different funds, take a look at this article that explains using transfer accounts:

https://www.powerchurch.com/support/kb. ... =56&type=1

[kelliann]

^^ and where do I go to on the menu to enter that information? step by step would be helpful.

[NeilZ]

^^ and where do I go to on the menu to enter that information? step by step would be helpful.

You'll find the Enter Transactions function under the Accounting -> Funds Accounting menu. If you look at the Knowledge Base article, under the title How to use transfer accounts you'll get a screen capture of the Enter Transactions screen dialog.

As far as a 'step by step' tutorial, here is a video that can lead you through the steps: https://www.powerchurch.com/support/kb. ... 367&type=3

It was created for version 10, but this hasn't changed in version 11, so it will provide you some good info.