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  (incorporating honsecretary.com)

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TUTORIAL -Account Transfer

Tutorial Index Main Contents:

Welcome
Introducing hontreasurer.com
Online Manual
How Do I?
HELP! - I'm Stuck!
TUTORIAL
The Forum
TO DO List

TUTORIAL Contents:

Introduction
Preferences
> Setup
> Roles
> Users
Activity Names
Accounting Categories
Activities
Accounts
Statuses
Members (Contacts)
Posting
> Cheque or Cash Received
>> Against Invoice
> Cheque Written
>> Against Invoice
> Cash Paid
> Cash from Cash Account to Bank
> Cash from Bank to Cash Account
> Cash Banked
> Bank Transfer In
>> Against Invoice
> Bank Transfer Out
>> Against Invoice
> Account Transfer
> Bank Interest Received

> Opening Balances
> Opening Income & Expenditure

> Invoice Sent
> Invoice Received

The Bank Reconciliation

Transaction Enquiry
Balance Enquiry

The Year End

Reporting

Submit a Question ..
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We have lots of money now and need to open a deposit, savings or other interest bearing account.

First, we need to create the new account in hontreasurer.com, so go to Standing Data/Accounts and press Add. Fill in the account name (use a shortish name for reference) and then check the "Interest Bearing" box which allows you to enter interest for this account. Also the "Reconcilable" box because we will want to reconcile the hontreasurer.com version of the accounts with the statements. Then choose Cash from the Accounting Category and enter a full description, maybe with the account number, in the Description field. Press OK.

Now go to Transactions/Account Transfers/Post Account Transfer.  The main thing here is to get the From and To accounts right. So, to transfer 4000.00 to the deposit account, select Current Account in the From Account and Deposit Account in the To Account and enter a positive Amount. Ensure the date is correct and press OK.

If you look at the Balances tab now, you will see total Cash of 5301.00 but, if you "drill down" you will see this comprises 36.00 in the cash tin, 1265.00 in the Current Account and 4000 on Deposit.
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