Entersoft OuroCash - How to record the transfer of amounts between your bank accounts

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Entersoft - Analysis and Systems Development

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Entersoft OuroCash^™ - Instruction Manual System for Financial Control

2.12 - How to record the transfer of amounts between your bank accounts Entersoft OuroCash^™ allows you to track each of your bank accounts in parallel, including the current balance of each account. However, whenever there is a transfer of amounts between accounts, or cash withdrawals, these transactions also need to be recorded in the "Transfers" module, so that the bank balance displayed in the system is synchronized with real life. When accessing the module, the following screen will be displayed: All transfers will be displayed in the grid above ... To register them, simply click the “F2 - Include” button and fill in the fields indicated:

When completing the fill, click the "F4 - Save" button. At this point the system will check, if on the date entered, there is sufficient funds in the account of origin... If there is, the transfer will be registered. If there is not, the transfer can not be registered, since no bank carries out such transaction ... Remember that to keep the balance of each account correctly synchronized on the system, you must record your payments and receipts on the correct date. Also remember that bank transfers can not be changed... If there is any inaccuracy, select the incorrect record in the grid, and click the "F3 - Delete" button. Then re-add the record, applying the necessary changes. Note: This module should not be used to register transfers to third-party accounts! If you make any payment via bank transfer, use the "Expenses" module to register such transaction. To register receipts via transfer, use the "Revenues" module.

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