Bank Transfers using the AP process.

Question:

"How do I transfer money between bank accounts by cutting a check?"

Answer : 

"Transfer the money through Vantaca's AP process by cutting a check. "

Navigate to Service Providers > Service Provider List and click the +New Provider button.

Create the Association receiving the funds as a Service Provider.

Once they've been added as a service provider, you can go through the normal invoice process by selecting that service provider (The Association you just set up). You would then make sure to hit a "Holding Account" instead of hitting your regular expense account.

- If you don't currently have a "Holding Account" code available in your database, it can be created. Read this article for help on that: Editing GL Accounts for Associations

You would then navigate to the Accounting > Reconciliation screen and select the bank account where the money was actually deposited. Click the Post Deposit button and select the "Holding Account" GL that you used during the invoice process. 

You can now reconcile both banks accordingly.

If you are transferring money using our Transfer Funds feature, refer to this article: https://support.vantaca.com/hc/en-us/articles/360026016551-Transfer-Funds