Transfer using Control Account

Created by Wilfrida Okuku, Modified on Mon, 5 May at 11:58 AM by Wilfrida Okuku

Go to the sender’s savings account
Click on Withdraw
Enter the amount and date
Under Payment Method, select Control Account Method
Select the appropriate Control Account GL
Click Submit
Then go to the receiving account
Click on Deposit/Repayment
Enter the amount and date
Under Payment Method, select Control Account Method
Select the appropriate Control Account GL
Click Submit

Go the preferred receiving account and make a repayment if it's a loan account or make a deposit to the savings account using the payment method of Control Account.