Making a Journal Transfer

Sometimes you will need to move funds between accounts - you can do that through the system by making a journal transfer. In this example we will be looking at moving bond/deposit money from a tenant's Unprotected Bond account and into a different bond scheme, such as the tenant's My Deposits account.

Start by going to Accounting > Click onto the Journal Transfer icon.

        

Write your description for the transaction stating clearly what the transaction is, then click "Add"

Search and select the person who you are taking the money from by using the Person Entry field to type their name or ID into > click onto their name to select them > Click "Add" 

When taking money out of an account to move to another, you must begin with a minus entry followed by the value, then choose the account you will be deducting from > click "Add" 

In this case, we are taking the £1000 credit which is in the tenant's Unprotected Bond Held account so we enter the amount as -1000 into the amount field. Now we select the correct account from the account type list (please see below)

Now click "Add"

Please click Add again to apply where the money will be going to this time.

Now select who will be receiving the money (in this case, it would be the same tenant) - ensure that the value is a positive one, without the minus this time > Add 

Click Add Again to save the changes.

Now click Journal Transfer at the bottom to complete