Forum Message

Transfering funds from an expense account to an income account

Hi,

We're trying to do an internal transaction where we're trying to take £200 from an expense account and enter it into an income account without any net effect on the cheque account. Can you help? Can supply more detail if required.


Posted by Caroline Saunders on Feb 14, 2012 11:06 AM GMT

Hi Caroline,

You can create a General Transaction that debits the expense account and credits the income account. To do this click menu File > New > General Transaction, then enter the income account in the From Account field and the expense account in the To Account field. Note that this will increase both your income and expense balances so your net profit will be unchanged.

Regards,


Posted by Mark McLaren (Solar Accounts) on Feb 14, 2012 11:19 AM GMT

Thanks :)


Posted by Caroline Saunders on Feb 14, 2012 11:28 AM GMT