Bank fund transfer

You can use a fund transfer to move funds between bank accounts. You can distribute funds from one account into one or more other accounts, or you can consolidate funds from several accounts into one account.

You must define a bank transfer table before you can transfer funds between accounts. To transfer funds between bank accounts for different companies, you must create intercompany relationships. You can transfer funds between bank accounts that have different currencies.

After you create a fund transfer, you must release it. The bank account balance is updated and the fund distributions are available for posting to the general ledger.