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Thread: Cash book Transfers

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    Cash book Transfers

    Hello everyone. I transfered some funds from Cashbook 1 to cashbook 2, on doing my bank reconciliations for both cashbooks the same transfer in cash book 2 is appearing as a receipt fine, but now this same transfer in cashbook 1 is not appearing on the payment side.


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    I am using pastel partner v18

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  3. #3
    Diamond Member Neville Bailey's Avatar
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    It is essential, when processing transfers between cashbooks, that you process a cashbook payment in Cashbook 1 as well as a cashbook receipt in Cashbook 2, using a transfer or in/out account as the contra account for both transactions. In other words, never use the cashbook GL account as a contra account.

    In order to fix your problem, first reverse the entry you did by recapturing the entry exactly as you did, except put a minus sign in front of the amount, and then process the entry as I described it above.
    Neville Bailey - Pastel Accounting Consultant
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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