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Move money btwn bank accts
Posted: Mon Jul 06, 2020 4:52 pm
by CUUC
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!
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 5:25 pm
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.
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 6:51 pm
by CUUC
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!
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 7:12 pm
by CUUC
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"
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 7:16 pm
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.
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 9:39 pm
by CUUC
We have no 9000s on any of our funds.
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 9:56 pm
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.
Re: Move money btwn bank accts
Posted: Mon Jul 06, 2020 10:43 pm
by CUUC
Thanks Neil!
Re: Move money btwn bank accts
Posted: Tue Jul 07, 2020 9:47 am
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.
Re: Move money btwn bank accts
Posted: Tue Jul 07, 2020 2:12 pm
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
