Main Page → Bank Reconciliation → Documentation → Electronic Transfers → Add an Electronic Transfer
Contents - 1 What This Process Does
- 2 Best Practice
- 3 Add an Electronic Transfer
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What This Process Does
- This process allows you to create electronic transfers generated since your last bank statement.
Best Practice
- Time Period - The user must confirm that any electronic transfer made is added during the correct time period around a particular bank statement.
Add an Electronic Transfer
- Finance → Bank Reconciliation → Other Tab → Add Electronic Transfers
- Populate applicable fields. Click the Save button when finished.
- Upon saving, errors and/or warnings will display if required fields are not populated.
| FIELDS | Opt. | Rec. | Req. | Description |
| Bank Identification | - | - | ♦ | The bank where the electronic transfer will be added |
| Transaction Date | - | ♦ | - | The date the electronic transfer occurred; important if wanting to reconcile by transaction date |
| Transaction Amount | - | - | ♦ | The amount of the electronic transfer |
| Reference Number | ♦ | - | - | A number to reference while querying or reconcile an electronic transfer |
| Reference ID | - | ♦ | - | Recommended that this be the date of the deposit |
| Reference Name | ♦ | - | - | Recommended that this be the reason for the electronic transfer |
| Transmittal Route # | - | ♦ | - | The receiving bank's routing number |
| Account Number | - | ♦ | - | The account number where the funds were transferred |
| Checking Account | ♦ | - | - | Set to true if the electronic transfer goes to a checking account |
| Description | ♦ | - | - | Optional description for the electronic transfer |
| Opt. = Optional Rec. = Recommended Req. = Required |
