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Record a transfer

Audience: Admin, Finance
Type: Task

Reference

For system behavior and rules, see
SmartBooks Documentation – Section 5: Banking and Cash Management

Purpose

Recording a transfer allows you to move funds between two accounts within SmartBooks.

This is commonly used for transfers between bank accounts, cash accounts, or internal funds movement.

How to Access

  1. Go to SmartBooks

  2. Click Transfer

URL format:
https://app.thulo.com/{tenantname}/ps/admin/accounting/transfer

Recording a Transfer

To record a transfer:

  1. Click New Transfer

  2. Select the From Account

  3. Select the To Account

  4. Enter the Transfer Date

  5. Enter the Amount

  6. Add a reference or note if required

  7. Click Save

The transfer is recorded immediately.

What Happens After Recording

  • Funds are deducted from the source account

  • Funds are added to the destination account

  • Both accounts reflect the transaction in reports

Important Notes

  • Transfers do not affect income or expenses

  • Transfers only move balances between accounts

  • Both accounts must exist in SmartBooks

  • Incorrect transfers can affect reconciliation

When to Use This

  • Moving funds between bank accounts

  • Transferring cash to bank or vice versa

  • Internal fund adjustments

Related Articles

  • Bank Account

  • Match bank transaction

  • Reconcile an account

  • Banking rules & Import bank transaction

End of Article

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