Option 1: entering and releasing fund transfers into multiple accounts

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

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

    Note: You must define the cash code that you select on Cash Code (CB00.2).
    Transfer Number

    Define a fund transfer number.

    Company

    Select the 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 to transfer from the bank account selected in the Transfer From 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 is used as the default setting.

    Note: If you do not want to use the transfer date to post the transfer to the General Ledger application, then you can 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, where you will transfer the funds.

    Transfer to Amount

    Specify the amount to deposit to 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 From Cash Code and (To) 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 From 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 CB15.1.
  5. Inquire on the fund transfers that you will release on Bank Fund Transfer - Multiple Deposits (CB15.1) and select the Release special action. Run Bank Transaction Posting (CB175) to post transfer amounts to the General Ledger application. See Posting bank transactions.