Book 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 Book 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.
Transferring Funds
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.
Step 1: Go to the Funds Transfer Page
Go from Your Bank → Funds Transfer.
Step 2: Initiate a Transfer
The overview page consists of two sections: the From (source) and To (destination) accounts. When selecting these accounts, users can view both the Book and Bank balances to assist with informed decision-making.
Enter the following information:
- Under From Account, select a source bank account using the dropdown.
- Under To Account, select a receiving bank account from the dropdown menu.
- Transfer Amount
- Memo (optional)
Select Transfer.
Step 3: Confirm Transfer
A confirmation window will appear, displaying the 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 book transfers with their statuses and allows sorting on all columns.
