Transferring cash between accounts is a simple process that can be done within your Accounting tab. This article will guide you through the steps to successfully transfer cash between your accounts.

To begin, navigate to your Accounting Section and select Transactions at the top in the row of tabs. Then, click on the Transfer Cash button located in the top right-hand corner of the page (directly left of the "Add Transaction" button).

Once you have clicked on the Transfer Cash button, a new window will appear. Here, you will be prompted to enter the date of the transfer, the account the money is coming from, and the account the money is going to (*Note: These will need to be two managed accounts in the system. You are unable to transfer money between unmanaged accounts).

Next, you will need to select the type of money being transferred. This can be either Capital, Revenue, or Other (For Canada), or for the Principal, Income, or Other (For the U.S).

Please Note: When selecting your "Money Type" it is important to select the transfer of money out and money in as the same Money Type. Should these be different, you risk your receipts and disbursements unbalancing on your accounting report.

Also, when "Other" is selected, this will ensure a transfer does/doesn't appear on your report (according to the specific report) as well as ensure your receipts and disbursements properly balance. When "Other" is selected, it does not count towards your capital/revenue or principal/income receipts because if it did this value would be duplicated from the original initial balance transaction funds (or deposit/withdrawal of funds).

After selecting the Money Type, you can enter the amount that is being transferred and provide a description for the transaction. Once you have entered all the necessary information, click on the Save button.

Your transfer will now appear in your transactions screen. It is important to note that the same money type must be selected for both the From and To accounts in order for them to appear correctly on your reports and maintain a balanced account.