When you release a funds transfer, its status changes to Released, and the system
generates the following batch of transactions to be posted to the general ledger.
Table 1. Transactions for Funds Transfers in Base Currency
| Account |
Debit |
Credit |
| Source account |
0.00 |
Transfer amount |
| Destination account |
Transfer amount |
0.00 |
The system can generate separate transfer-in and transfer-out general ledger batches for a
funds transfer. This can be done, for example, if the post periods of the transfer-out and
transfer-in are different, the funds are first moved to the cash-in-transit account, and the
funds are then moved from this account to the destination account.
Table 2. Transfer-Out Batch of Transactions for Transfers with Differing Periods
| Account |
Debit |
Credit |
| Source account |
0.00 |
Transfer amount |
| Cash-in-Transit account |
Transfer amount |
0.00 |
Table 3. Transfer-In Batch of Transaction for Transfers with Differing Periods
| Account |
Debit |
Credit |
| Cash-in-Transit account |
0.00 |
Transfer amount |
| Destination account |
Transfer amount |
0.00 |
If you have added expenses for the funds transfer, the system generates a separate cash
transaction when the funds transfer is released, and the following transactions are recorded to
the general ledger.
Table 4. Transactions for Expenses
| Account |
Debit |
Credit |
| Cash account |
0.00 |
Expense amount |
| Bank charges account |
Expense amount |
0.00 |
