Scenario

The user wants to transfer funds from a bank account to a different subsidiary.

Solution

The affected account is bank account type. Thus, Enhancement # 155077 One World: Allow bank transfers between subsidiaries is applicable.

Alternate Solution:

1. Create a clearing account
   • Lists > Accounting > Accounts > New
   • Type = Other Current Asset
   • Name = Clearing Account
   • Currency = null. It is important to set this to null so that it can be used on transactions with any currency.
   • General Rate Type = Current
   • Click Save
     
     
2. Create a journal entry to transfer from old account to clearing account
   • Navigate to Transactions > Financial > Make Journal Entries
   • Complete the Main field of the journal entry
   • Complete the journal line item.
   • Click Save
     
     
3. Create a journal entry to transfer from clearing account to new account
   
   • Navigate to Transactions > Financial > Make Journal Entries
   • Complete the Main field of the journal entry
   • Complete the journal line item.
   • Click Save