Dynamics Community Forum Thread Details

Transfer money between accounts

These are steps from MS documentation, hope it helps

https://learn.microsoft.com/en-ca/dynamics365/business-central/bank-how-transfer-bank-funds

To post a transfer between bank accounts with different currency codes

To transfer funds between bank accounts that use different currencies, you must post two general journal lines.

Choose the icon, enter General Journals, and then choose the related link.
Create two journal lines, and fill in the Posting Date and Document No. fields.
On the first journal line, in the Type field, select Bank Account.
In the Account No. field, select the bank account from which you want to transfer the funds.
In the Amount field, enter the amount in the currency of the bank account with or without a minus sign.

Tip

An amount without a sign is a debit, and an amount with a minus sign is a credit.

Note

Some companies prefer to transfer between accounts on separate journal lines. Other companies prefer to post everything on one journal line by using a balancing account. Check with your local expert if you're not sure what to do.

If your company prefers to use a balancing account, then set the Bal. Account Type field to Bank Account, and set the Bal. Account No. field to the bank account to which you want to transfer the funds. Then proceed to step 9 or 10.

If your company prefers to use a separate journal line, then move on to the next step.
On the second journal line, in the Type field, select Bank Account.
In the Account No. field, select the bank account to which you want to transfer the funds.
In the Amount field, enter the amount in the currency of the bank account with or without a minus sign.

Tip

An amount without a sign is a debit, and an amount with a minus sign is a credit.
If the exchange rates used in the journal are different than the exchange rates on the Currency Exchange Rates page, enter a new journal line for the exchange rate gain or loss.
1. Enter G/L Account in the Account Type field.
2. Enter the G/L account number for exchange rate gain or loss in the Account No. field.
3. Enter the exchange rate gain or loss in the Amount field with or without a minus sign.
Tip

An amount without a sign is a debit, and an amount with a minus sign is a credit.
Post the journal.

Quick Links

Leaderboard > Small and medium business | Business Central, NAV, RMS