Account Transfer - Example
The Account Transfer feature in Standard ERP:
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The Account Transfer feature allows you to transfer balances from one Account to another, or to transfer the balances of a range of Accounts to a single Account. To use it, you should first create a record in the Account Transfers setting specifying the source and destination Accounts, and then you should use the 'Account Balance Transfer' Maintenance function to transfer the balances. This page illustrates the feature using an example.
The example record in the Account Transfers setting shown above will create a Simulation transferring balances from Accounts 100:198 to Account 199.
The Analytical Balance report (or the Nominal Ledger report if you want more detail) shows the balances that will be transferred:
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'Account Balance Transfer' function will create this Simulation:
Note the treatment of the negative balance of Account 196 compared with that of the positive balances of the other Accounts (rows 11 and 12).
When you are certain that the Simulation is correct, you can create a Transaction from it by highlighting it in the 'Simulations: Browse' window and selecting 'Create N/L Transactions' function from the Operations menu (Windows/macOS) or Tools menu (iOS/Android).
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Settings in the Nominal Ledger:
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