Transfers between G/L accounts are used to track transaction previously tracked under a certain account with a new account. This option is located under the Operations menu of the General Ledger module.
Conditions for transfers between accounts are specified on the Transfer Between Accounts filter window. The filter options are:
Date Range: This filter line is used to specify the date range for which the transactions will be transferred into the new account. The transfer is started by entering the start and end date ranges.
Previous Account Code: Indicates the current G/L Account Code of the transaction to be transferred.
New Account Code: Indicates the new G/L Account Code to which the transaction will be transferred.
Account Plan: This parameter line is used to specify the account plan to be used for the transfer. It lists the Main Chart of Accounts, Second Chart of Accounts, Third Chart of Accounts, Consolidated Main Chart of Accounts, Consolidated Second Chart of Accounts and Consolidated Third Chart of Accounts options.
Once the “Apply” button is clicked, and the transfer is completed, lines with the account code specified on the previous account code filter line on recorded slips are updated with the account code specified on the new account code field.