Money Transfer is the same as the Journal transaction but it's only concerned with Cash Accounts. It has a simpler form as well.
How to access it?
It is accessible via the Main menu of the Money module via the Accountant drop down list-> Money Transfer.
Add Money Transfer Transaction
Via the Accountant drop down list-> Manual Journals, choose Money Transfer. Accounts can have different currencies. The Amount of the transferred money is the same the the currency of the From Account. When there are different currencies, the Exchange Rate will reflect the defined values.
The Money Transfer form has many important fields such as:
- From Account
- To Account
- Exchange Rate
- Ref #