Hi

In my project, Baaniv c 4, I have a question for "Transfer between Bank Accounts".

If I want to use "bank relations function" then how should I set the master data or other parameters for "Trnasfer"?

Best regards,

Hi,
You should have regular Cash Transaction Type defined for each Bank Account. (tfcmg2100s000 / tfcmg2120s000).

You should define an intermidiate GLD account.

For the bank account you draw the money from, you have to report a Cash transaction of type "Journal" to Credit the Bank account and Debit the intermidiate GLD account.

For the bank account you deposit the money to, you have to report a Cash transaction of type "Journal" to Debit the Bank account and Credit the intermidiate GLD account.

After those 2 transactions the balance of the intermidiate GLD account should be Zero.

Moshe Almog

We have been doing J/E's to transfer cash between our banks. Each of our bank accounts is linked to seperate ledger accounts. I take it that Baan allows you to do this with a transaction type. I assume that this allows for a better audit trail?

Doug

Thank you for answering to my question, Almog & Doug.

I understand what you said.
And I still have another question, how can I match those transfer methods(maintain transactions) to Electronic Banking Systems in Baan?

Best regards.