Account-to-Account Transfers (Intacct)

intacct does not allow to transfer funds between 2 accounts from 2 separate entities the bank accounts have to be set up at the top level, with 2 different location ids (or fund ids) or within the same entity (not at the top level) this is an intacct limitation pre requisites the funds transfers feature in your bank plugin will allow you to transfer funds between two accounts in the same entity please ensure the following pre requisites are met in order to make a successful funds transfer both accounts involved in the transfer are within the same entity no required dimensions configured on gl accounts cd or cdc journals enabled fund transfers instructions step 1 go to the funds transfer page when using account transfers ensure your intacct bank accounts are matched with appropriate bank accounts to initiate transfers between bank accounts under the same subsidiary (intracompany) or between bank accounts under different subsidiaries (inter company) go from your bank → funds transfer step 2 initiate a transfer the overview page is composed of 2 sections, the ‘from’ and the ‘to’ accounts when selecting the source/destination accounts, users can view the book and bank balances for each bank account, to help support decision making enter the following information under from account , select a source bank account using the drop down under to account , select a receiving bank account from the drop down menu transfer amount memo (optional) select transfer step 3 confirm transfer a pop up window will appear with transfer details, select confirm to initiate the transfer transfer history to view transfer history go to your bank → transfer funds → history this tab lists all previous a2a transfers with their statuses and allows sorting on all columns account transfer faq why do i get the ‘\[bl01001973] invalid journal cdj selected – pick a valid active journal ’ error? this is because the correct journal has not been set up please navigate to general ledger > configuration > journal and add a journal the symbol of that new journal should be cdj what happens if the transfer is voided before it is processed at the bank? in this case, fispan changes the value of the original journal entries to 0 and marks it as voided {amount} transfer – {original message} you can always find the status of the transfer in the history tab when doing a transfer between different location ids, how do i know which accounts are debited/credited? intacct natively supports the balancing of such transactions check the inter entity map which summarizes the balancing of any transactions between different location ids where can i change my inter entity map? navigate to company > set up > inter account mapping what happens if i do not include a memo in my transfer? in this case, the plugin will automatically add a memo following from bank account (sourcebankname) to bank account (destbankname) this is the same as native intacct can i transfer money between two different currencies? no, both the ‘to’ and ‘from’ accounts need to have the same currency the ‘to’ account will only show the accounts that have been matched and that have the same currency