Transfer using Control Account

Created by Wilfrida Okuku, Modified on Tue, 13 May at 10:52 AM by Wilfrida Okuku

  • STEP 1

  • Go to the sender’s savings account

  • Click on Withdraw

  • Enter the amount and value date

  • Under Payment Method, select Control Account Method

  • Select the appropriate Control Account GL

  • Click Submit

    STEP 2

  • Then go to the receiving account

  • Click on Deposit (if it's a savings account) /Repayment (if it's a loan account)

  • Enter the amount and value date

  • Under Payment Method, select Control Account Method

  • Select the appropriate Control Account GL

  • Click Submit


the N/B: The amount channeled on the control account ledger will cancel out, leaving the deposit ledger <> portfolio ledger transaction


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