[GNC] Recording/Reporting transfers between accounts

Stephen M. Butler kg7je at arrl.net
Fri Feb 1 14:22:50 EST 2019


On 2/1/19 6:55 AM, Maf. King wrote:
> On Friday, 1 February 2019 14:31:21 GMT Finbar Mahon wrote:
>> Hello,
>>
>> At year end I need to record the transactions that have been made
>> between accounts.
>>
>> Firstly, I am not sure of the logic to  be used -
>>
>> So, if I want to transfer €1000 to another a/c, I fill in 'transfer to
>> x' in description; what do I put in the 'transfer' box ? - 'assets
>> account from which transfer is to be made'? and €1000 in 'withdrawal'?
>>
> Hi Finbar,
>
> Assuming that you are in basic  single line view mode in the register of the 
> account that you are transferring from, then Description sounds right, 
> Transfer would be the "destination" account and withdrawal of 1000. 
> (effectively exactly the same as paying a credit card bill etc.)
>
>> OK, assuming that is right then the transferred to a/c should show €1000
>> in the deposit window?
>>
> Yes.  (assuming both are bank (asset) accounts - the labels might be different 
> in other type account.)
>
>
>> To check what transfers I made after a period, can I create a report? If
>> so, under what heading in reports?
>>
> I'd start with the transaction report.
>
> HTH,
> Maf.


You might want to have something in the description or memo field like
"Transfer" on which you could filter the results.

>
>
>> TIA Finbar
>>
--Steve

-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
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