Transfer Help

jfoster182 · Post by **jfoster182** » Wed Dec 06, 2006 1:23 pm

I am needing to transfer funds out of an 04 account and into our General Fund. I already have transfer accounts set up. What would be the correct entry to make without mis-stating my income and expense?

The account #'s are as follows: I want to transfer funds from
04-4117-417 to Fund 04-4101-000 which is the general fund. My transfer account number is 04-4620-000.

Matt · Post by **Matt** » Sat Dec 16, 2006 9:15 pm

Since both accounts are in the same accounting fund you do not need to use the transfer account. Post the transfer as follows:

Debit 04-4117-417
Credit 04-4101-000