Transfer Money Between Funds

You can move money from one fund to another in the same fiscal year if transfers are allowed from both funds. The transfer amount must be less than the free balance of the fund from which you are transferring money.

Tip:
You can transfer money between funds with fund types of donation or regular, and you can transfer money from donation or regular funds to a deposit account A deposit account is an account with a vendor that allows customers to pay all or a portion of the estimated annual billing in advance. Depending on the amount prepaid, the typical discount is from 1.5% to 4.5% more than with a regular plan, where invoices are paid after the receipt of titles. fund. Funds in deposit accounts can be transferred only to other deposit account funds.

To transfer money from one fund to another:

  1. Open the Fund workform.

    Note:
    You cannot transfer money to or from a fund if the Transfers check box is not selected.

  2. Select Tools> Transfer Money on the Fund workform menu.

    The Transfer Money dialog box appears.

  3. Select the fund to which you want to transfer the money in the To box.

    Note: 
    Only the funds that are in the same fiscal year appear in this list. If you are transferring from a deposit account fund, only funds with a fund type of deposit account appear. If the fiscal year has only one fund, a message tells you that money cannot be transferred.

  4. Type the amount of money to transfer in the Amount box.
  5. (Optional) Type a reason for the transfer in the Note box.
  6. Click OK to transfer the money.
  7. If the destination fund has no beginning allocation, a dialog box appears. Choose one of the following options:

    • To designate the amount transferred as the beginning allocation for the destination fund, click Yes.

    • To transfer the amount without making it the beginning allocation, click No.

    • To cancel the transaction, click Cancel.

    A new line appears in the Transaction list on the Fund workform for each fund. An Outgoing Transfer transaction appears in the source fund, and an Incoming Transfer or Beginning Allocation transaction appears in the destination fund.