Option 2: entering and releasing fund transfers from multiple accounts

  1. Access Bank Fund Transfer - Multiple Withdrawals (CB15.2).
  2. Use these guidelines to transfer funds from multiple accounts to a single account:
    Transfer To Cash Code

    Select a valid cash code that represents the bank account where you want to transfer funds.

    Transfer Number

    Specify the fund transfer number.

    Company

    Select a valid General Ledger company number that represents the company where you want to transfer the funds.

    Note: You must define a relationship between the company and a cash code on Company Cash Code Relationships (CB00.3) before you can process transactions using a specific bank account.
    Journal Book, Seq Nbr

    (Optional) If you use journal books to group general ledger transactions, then select a valid journal book.

    Transfer Amount

    Specify the amount that you want to transfer from the bank account selected in the Transfer To Cash Code field.

    Note: This amount is in the bank account currency defined for the cash code on Cash Code (CB00.2).
    Transfer Date

    (Optional) Specify the date the funds will be transferred. If you leave this field blank, then the application date will default.

    Note: If you do not want to use the transfer date to post the transfer to the General Ledger application, then click Post Date to define a new posting date on Transfer Post Date (CB15.4).
    Description

    Specify a description of the fund transfer.

    Cash Code

    Select a valid cash code that represents the bank account that you will transfer the funds from.

    Transfer from Amount

    Specify the amount to withdraw from this cash code.

    Note: This amount is in the bank account currency defined for the cash code on Cash Code (CB00.2).
    Transfer Company

    (Optional) If you transfer funds between cash codes for different companies, then select a valid General Ledger company number. You can define a valid intercompany relationship in the General Ledger application. If left blank, then the Company is used as default. See the information about defining intercompany relationships in the General Ledger User Guide.

  3. (Optional) If the Transfer To Cash Code and (From) Cash Code fields have different bank account currencies, then click Currency to open Balancing Currency Transfer Amount (CB15.5). Specify the amount to transfer in the bank account currency of the Transfer To Cash Code field.
  4. (Optional) To enter bank charge information associated with a fund transfer, click Bank Chrg to open Transfer Bank Charges (CB15.3).
    Note: Before you can release the fund transfer, the total Transfer Currency Amount on Balancing Currency Transfer Amount (CB15.5) must equal the Transfer Amount on CB15.2.
  5. Inquire on the fund transfers that you will release on Bank Fund Transfer - Multiple Withdrawals (CB15.2) and select the Release special action. Run Bank Transaction Posting (CB175) to post transfer amounts to the General Ledger application. See Posting bank transactions.