Transfer Money Between your Bank Accounts in Clickentry

To track the flow of funds between your accounts you can create a transfer money transaction.  

About Transfer Transactions 

• It helps in recording the flow of funds between two bank accounts. 
• In Clickentry, A transfer can be created from scratch or during bank reconciliation. 
• The thing required is that just create a transfer transaction in one bank account. Clickentry creates the transaction in the corresponding account, so you only need to click Ok to reconcile it. 
• You must have either the standard or adviser user role to create transfer transactions. 

Create a Transfer from Scratch 

If your transfer hasn’t come through to your bank accounts within Xero yet, you can record it in Xero this way. If it has already come through, create the transfer during bank reconciliation instead. (Otherwise, it will turn up as duplicates.) 

1. Click on the Create New + icon and select the Transfer Money Option. 

2. Select the bank account the money is coming From. 

3. Set the date of transfer and enter the amount you want to transfer.  

4. When transferring the amount between bank accounts with different currencies then you need to calculate the converted amount and enter it in the second amount field. 

5. Add some text in the Reference field to provide further information about the transfer. 

6. Click on the Send button. 

Create a Quick Transfer During Reconciliation 

This way will allow you to enter a reference but not tracking. 

1. On the reconciliation screen, you need to select the Transfer tab for the bank statement line you want to reconcile. 

2. Select the Bank Account depending on the following conditions: 
   • If the statement line is about funds spend then select the bank account or credit card you have transferred the money to. 
   • If the statement line is about funds received then select the bank account or credit card you have transferred the money from. 

3. Enter the amount in the Amount field. 
   • When transferring the amount to the bank accounts with different currencies then you need to calculate the converted amount to enter in the amount field. 

4. Add some text in the Reference field to provide further information about the transfer. 

5. Click on the Ok button. 

Create a Detailed Transfer During Reconciliation 

Creating a transfer this way will allow you to select a tracking category. 

1. Click on the Find & Match button, corresponding the bank statement line for the transfer. 

2. Click on the New Transaction button and select Transfer Money option. 

3. Enter the required details in the fields. 

4. Click on the Send button and then Click Reconcile.