How to Record a Bank Transfer

Note: If you are transferring money to a supplier, record this as an expense instead.

To record a transfer between two business bank accounts, click menu File > New > General Transaction. The General Transaction window will appear:


Enter the details of your transaction into the following fields:

  • Journal Memo: A description of the transaction for your records, e.g. 'Pay off Mastercard'.

  • Date: The date you made the transfer.

  • From Account: The bank account the money comes from.

  • To Account: The bank account the money goes to.

  • Amount: The amount of the transfer.

Once you've entered the transaction details, click OK to save it.

The new transaction will appear in the Transactions list (menu Window > Transactions).