Move money btwn bank accts

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

Moderators: Moderators, Tech Support

Post Reply
CUUCSW
Posts: 19
Joined: Wed Nov 27, 2019 3:49 pm

Move money btwn bank accts

Post by CUUCSW »

Apologies for being a new user and this being a hopefully-simple question:

I need to move $1000 from one checking account to another checking account.
Money is coming out of 01-1122
Needs to go into 13-1124

I'm struggling because these are 2 different funds AND two different bank accounts. :?

Assistance would be appreciated!

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Move money btwn bank accts

Post by NeilZ »

CUUCSC wrote:
Mon Jul 06, 2020 4:52 pm
Apologies for being a new user and this being a hopefully-simple question:

I need to move $1000 from one checking account to another checking account.
Money is coming out of 01-1122
Needs to go into 13-1124

I'm struggling because these are 2 different funds AND two different bank accounts. :?

Assistance would be appreciated!
You'll need to use transfer accounts. I'd use the simple transfer accounts as described in the user manual. You didn't say what version, so I can't give you an exact page, but you can find it in the index. The page gives a very good example of how to transfer funds between accounts.
Neil Zampella

Using PC+ since 1999.

CUUCSW
Posts: 19
Joined: Wed Nov 27, 2019 3:49 pm

Re: Move money btwn bank accts

Post by CUUCSW »

NeilZ wrote:
Mon Jul 06, 2020 5:25 pm

You'll need to use transfer accounts. I'd use the simple transfer accounts as described in the user manual. You didn't say what version, so I can't give you an exact page, but you can find it in the index. The page gives a very good example of how to transfer funds between accounts.
I've looked at this previously, but we don't have any of the Transfer Accounts set up. I guess I need to remedy that!

CUUCSW
Posts: 19
Joined: Wed Nov 27, 2019 3:49 pm

Re: Move money btwn bank accts

Post by CUUCSW »

When I try to turn on "transfer accounts" in "Accounting Setup Options" "Fund Accounting", I check the "Use transfer accounts" box and click OK. I then get the error message "An Overlap Occurs in Expense with Transfer"

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Move money btwn bank accts

Post by NeilZ »

CUUCSC wrote:
Mon Jul 06, 2020 7:12 pm
When I try to turn on "transfer accounts" in "Accounting Setup Options" "Fund Accounting", I check the "Use transfer accounts" box and click OK. I then get the error message "An Overlap Occurs in Expense with Transfer"
I'd check to see if you have expense accounts in the 9000 range, where transfer accounts are usually located. If so, I'd try to move them to a different account series.
Neil Zampella

Using PC+ since 1999.

CUUCSW
Posts: 19
Joined: Wed Nov 27, 2019 3:49 pm

Re: Move money btwn bank accts

Post by CUUCSW »

We have no 9000s on any of our funds.
Last edited by CUUCSW on Mon Jul 06, 2020 10:42 pm, edited 1 time in total.

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Move money btwn bank accts

Post by NeilZ »

CUUCSC wrote:
Mon Jul 06, 2020 9:39 pm
We have no 9000 on any of our funds.
Hmmm ... I'll have to direct one of the techs here, as I'm not sure why you're getting that error.
Neil Zampella

Using PC+ since 1999.

CUUCSW
Posts: 19
Joined: Wed Nov 27, 2019 3:49 pm

Re: Move money btwn bank accts

Post by CUUCSW »

Thanks Neil! :D

Zorak
Tech Support
Tech Support
Posts: 3006
Joined: Thu May 13, 2004 9:59 am
Location: PowerChurch Software
Contact:

Re: Move money btwn bank accts

Post by Zorak »

CUUCSC wrote:
Mon Jul 06, 2020 7:12 pm
When I try to turn on "transfer accounts" in "Accounting Setup Options" "Fund Accounting", I check the "Use transfer accounts" box and click OK. I then get the error message "An Overlap Occurs in Expense with Transfer"
What is the upper number range assigned to your Expense Accounts? By default, if you don't have Transfer Accounts enabled, then Expenses go all the way up to 9999. That would need to be changed to 8999 if you are enabling Transfer Accounts in the 9000-9999 range.

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Move money btwn bank accts

Post by NeilZ »

Ah yes ... when in Preferences -> Accounting Setup, head to the Fund Accounting tab. Look in the Account Number Ranges area for Expenses, and change that last number to 8999.

Thanks Zorak for triggering my memory :)
Neil Zampella

Using PC+ since 1999.

Post Reply