Transfer between internal bank accounts¶

With this article, you will know how to transfer money between internal bank accounts.

For example: You have 2 bank accounts as follow:

ACB - 16888xxx;
MB - 99999xxx.

You want to transfer an amount of 100 millions VND from ACB to bank account MB.

Requirements

This tutorial requires the installation of the following applications/modules:

Record payments between bank accounts¶

First, you have to create new bank journals for ACB and MB Bank. Steps to create, you see more on Configure Bank Accounts.

Create Send money payment¶

Navigate Accounting ‣ Vendors ‣ Payments ‣ New to create a new invoice:

Internal transfer - dashboard - Viindoo Accounting app

The payment information is set as follow:

Internal Transfer - Send money - Viindoo Accounting

Internal Transfer: If enabled, a notification about the automatic creation of the second payment at the destination journal will be displayed.
Payment Type: Send;
Amount: The amount that you want to deposit;
Journal: Choose the journal of the bank account that you use to send money. In this case, it will be the ACB Bank journal;
Payment Method: The system will suggest the configured method on the journal;
Destination Journal: Select the journal of the bank to which you will deposit money. In this case, it will be the MB Bank journal.

After entering the information, manually click save to store the information and Confirm, a payment to record the internal transfer from the ACB bank journal to the selected destination journal will be displayed. To view this payment, go to Accounting > Vendors > Payments, remove the default filter, select the internal transfers filter and search by the amount spent from the cash journal.

Internal transfer journal entry - send money - Viindoo Accounting app

Create bank statements¶

After completing the payment recording, you can generate a manual bank statement or import batch statements on both bank ledgers using .CSV, .RJE, or Excel (.XLSX) file formats. More details at Manage Bank Statements.

Create a bank statement - Viindoo Accounting app

Enter a new transaction > press Save.

Bank statement send money - Viindoo Accounting app

Note

Don’t forget to choose the partner as your company in the Partner field.

Reconcile bank statements¶

Return to the accounting information dashboard, then select the bank account to which you just added the statement information. Click on reconcile in the journal interface.

The system will suggest reconciliation models for journal entries related to this partner and this bank account. Press Validate to reconcile.

Bank reconciliation send money - Viindoo Accounting app

Similar, at the journal of the MB bank account used to receive money, enter a new transaction > press Save.

Bank statement receive money - Viindoo Accounting app

Click on Reconcile.

Reconcile Bank statement receive money - Viindoo Accounting app

The system will also suggest reconciliation models for journal entries related to this partner and this bank account. Press Validate to reconcile.

Bank reconciliation receive money - Viindoo Accounting app

Once done, you can see the results of this internal transfer on reports such as Account Bank Deposit Book (S08-DN) by navigating to Accounting ‣ Reporting ‣ Account Bank Deposit Book (S08-DN) or on Trial Balance at Accounting ‣ Reporting ‣ Trial Balance: