DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

Money withheld catagories


#1

I have 2 accounts. One Operating and one Saver to hold money for Super, PAYG and GST purpose which I pay quarterly. How can I transfer money from the Operating account to the Saver account and keep a track of a running total for each category in the summary? I tried using Assets but I can only add to that by paying out of the Saver account. Thoughts? Steve


#2

Those two accounts are bank accounts, right? Then create them both as bank accounts under “Bank Accounts” tab.

To transfer money between two bank accounts, there are two ways

  • Go to “Bank Accounts” tab, then click on bank account you want to
    transfer money from, then click “Actions” button, then select
    "Transfer"
  • Create general ledger account in Chart of Accounts called
    "Intra-company transfers" and use this account to categorize any
    transfers between your bank accounts

Usually you would go with option #1 but if you are importing your bank statements, #2 might be more appropriate.