Account Transfers (Intacct)

important intacct does not allow the transferring of funds between two accounts from two separate entities the bank accounts must be set up at the top level, with two different location ids (or fund ids), or within the same entity (not at the top level) this is an intacct limitation requirements the account transfers feature within your bank plugin supports transferring funds between two accounts within the same entity to ensure a successful transfer, please verify that the following prerequisites are met both the source and destination accounts must belong to the same entity the associated general ledger (gl) accounts must not have required dimensions configured ensure that either the cash disbursements (cd) or cash disbursements – cash basis (cdc) journals are enabled making a transfer when using account transfers, ensure your intacct bank accounts are correctly mapped to the appropriate bank accounts to initiate transfers between bank accounts within the same subsidiary (intracompany) or between accounts in different subsidiaries (inter company), follow these steps open the account transfers page go to and select account transfer enter the transfer details the transfer form has two sections the from (source) account and the to (destination) account when you select an account, you'll see both its book balance (from your accounting records) and bank balance (from your bank), along with the time each balance was last updated complete the following fields from account select the source bank account from the dropdown to account select the receiving bank account from the dropdown only accounts in the same currency as your from account will appear amount enter the amount to transfer if the amount exceeds your current balance, a warning appears, but the transfer is not blocked proceed only if this is intentional memo (optional) add a note for your records if you leave it blank, the system will automatically add "from \[source account] to \[destination account] " when all fields are complete, select transfer to continue tip to start over, select clean form this clears all entries while keeping the account transfer window open review and confirm a summary of your transfer will display from and to accounts transfer amount and currency your memo (or the auto generated one) a warning banner, if the amount exceeds your balance if everything looks correct, select confirm transfer transfer submitted a brief loading screen appears while your transfer is submitted if successful, a confirmation screen displays your unique transfer id for reference viewing your transfer history you can track the status and details of every transfer on the account transfers page each record includes status whether the transfer completed, is still processing, or failed id your unique transfer reference number date when the transfer was initiated from the sending account to the receiving account amount the amount transferred memo your note, if one was added (or the auto generated one) status message additional details, particularly if something went wrong filtering and exporting use the filters at the top to narrow results by account, amount, date range, status, or transfer id select the download icon to export your transfer history as a csv file viewing transfer details select any row to open a detailed view, which includes full transfer information accounts, amount, memo, and who initiated the transfer action log a timeline showing every step of the transfer when the request was received when the instruction was sent to your bank when the transfer was completed (or why it failed) transfer statuses status what it means completed the bank processed the transfer and the transaction was recorded in your accounting software processing the transfer instruction has been sent to your bank waiting for confirmation validation failed something prevented the transfer from going through; for example, a configuration issue or missing account details check the status message or action log for specifics faqs why do i get the ‘\[bl01001973] invalid journal cdj selected – pick a valid active journal ’ error message? this error occurs because the required journal has not been configured to resolve this, navigate to general ledger → configuration → journals and create a new journal ensure the journal symbol is set to cdj what happens if the transfer is voided before it is processed at the bank? in this case, the plugin 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