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Transferring Funds Between Company Accounts

You can transfer funds from one company to another company if both the companies and accounts are set up in Brass Jacks Bookkeeper. When you transfer funds to another company, you can split the transfer among two or more accounts at that company. You do not need to have the company open in Brass Jacks Bookkeeper to transfer funds to it.

Note: Transferring funds in Brass Jacks Bookkeeper updates the data — not the actual bank accounts at the banks. This should only reflect changes that you’ve already made to the actual accounts at the banks.

To transfer funds:
  1. Click Transfer Funds in the Banking section of the task bar on the right.
  2. In the Transfer Funds dialog box, select the name of the bank account from the Account list that the money is transferring from.
  3. Type the total amount to be transferred in the Amount box.
  4. If you wish, type notes in the Comments box.
  5. Select the company that has the account or accounts where you are transferring funds to.
    If you select a different company than the one you have open, a warning message asks you to confirm you want to change companies for the transfer. This only changes the company information for funds transfer, not the company you have open in Brass Jacks Bookkeeper. Click Yes.
  6. From the Account list select the first account where the funds are to be deposited and type the Amount.  
  7. To add another line item for this account, click Add Line Item. Specify the Account and Amount for this line item. Repeat as necessary.
  8. Verify that the Total amount at the bottom equals the amount transferred in Amount box at the top of the dialog box.
  9. To close the Transfer Funds dialog box, click OK.
    To transfer funds, but keep the dialog box open for another transaction, click Add.
  10. When transferring between companies, in the Equity Account Selection dialog box, select the equity account in the first list that is transferring funds out.
  11. Then, select the equity account in the second list where funds are being deposited.  
  12. Click OK to complete the funds transfer and return to the Brass Jacks Bookkeeper workspace.