Multi-Company Transfer Funds Between Companies

1.Go to Accounts > General Ledger and create an Intercompany Transfer account under Liabilities:

2.Go to Accounts > Chequebook, and click Add.

3.Enter the company card code for the first company.,

4.Select Type Cheque and select the appropriate General Ledger (GL) Account, and Payment By method.

5.In the Acc Code field in the grid, select the Intercompany Transfer account.

6.Enter any relevant information, change the Status to FINISH, and click Save to finalise the cheque.

1.Go to Accounts > Chequebook, and click Add.

1.Enter the company card code for the second company.

2.Select Type Deposit and the appropriate GL Account, along with the Payment By method.

3.In the Acc Code field, select the Intercompany Transfer account.

4.Enter all relevant information, change the Status to FINISH, and click Save to finalise the deposit.