{"id":21486,"date":"2021-08-20T14:46:05","date_gmt":"2021-08-20T13:46:05","guid":{"rendered":"https:\/\/bigredcloud.com\/?post_type=docs&p=21486"},"modified":"2022-11-14T13:01:50","modified_gmt":"2022-11-14T13:01:50","password":"","slug":"transfers-between-bank-accounts","status":"publish","type":"docs","link":"https:\/\/bigredcloud.com\/en\/documents\/transfers-between-bank-accounts\/","title":{"rendered":"Transfers Between Bank Accounts"},"content":{"rendered":"

The transfer of funds between two bank accounts is recorded in whichever Bank Payment Transactions is associated with the account from which the funds are being transferred in the accounting software. \u00a0Entering such a transaction causes the following to happen:<\/p>\n

    \n
  1. The Bank Payments Book for the bank account from which the funds have been transferred (where you made the entry) is updated in the same way as any normal payment transaction.<\/li>\n
  2. The Bank Account from which the funds have been transferred is updated with details of the transfer, i.e.<\/em> it reduces the balance of funds available.<\/li>\n
  3. The Bank Account into which the funds have been transferred is updated with details of the transfer, i.e.<\/em> it improves the balance of funds available.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    The transfer of funds between two bank accounts is recorded in whichever Bank Payment Transactions is associated with the account…<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"doc_category":[210],"doc_tag":[],"class_list":{"0":"post-21486","1":"docs","2":"type-docs","3":"status-publish","5":"doc_category-payments-book"},"year_month":"2026-04","word_count":123,"total_views":0,"reactions":{"happy":0,"normal":0,"sad":0},"author_info":{"name":"apathak","author_nicename":"apathak","author_url":"https:\/\/bigredcloud.com\/en\/author\/apathak\/"},"doc_category_info":[{"term_name":"Payments Book","term_url":"https:\/\/bigredcloud.com\/en\/docs-category\/payments-book\/"}],"doc_tag_info":[],"yoast_head":"\nTransfers Between Bank Accounts - Big Red Cloud<\/title>\n<meta name=\"description\" content=\"The transfer of funds between two bank accounts is recorded in whichever Bank Payment Transactions is associated with the account from which the funds are\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bigredcloud.com\/documents\/transfers-between-bank-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transfers Between Bank Accounts\" \/>\n<meta property=\"og:description\" content=\"The transfer of funds between two bank accounts is recorded in whichever Bank Payment Transactions is associated with the account from which the funds are\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bigredcloud.com\/documents\/transfers-between-bank-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"Big Red Cloud\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SimpleOnlineAccounts\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-14T13:01:50+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@BigRedCloud\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Transfers Between Bank Accounts - 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