Sometimes you need to transfer money between two Names.
Note: If you want to transfer money between Accounts, see the Article, Transfer Between Accounts.
Transferring a negative balance needs to be completed in reverse and is explained in more detail at the bottom of this article.
Transfer money and assign a name to the transfer
From Transactions > Transfer between Names, select the user Account you want to transfer money from.
Select the user Name associated with the Account you want to transfer money from.
Select the user Account you want to transfer money to.
Select the user Name associated with the Account you want to transfer money to.
Enter the Amount to transfer.
Enter or amend the transfer Date.
Enter any Notes to help you identify the reason for the transfer.
Click Transfer.
Transfer a negative balance and assign names to the transfer
Instead of transferring a negative amount, with a minus (-) in front from the From account to the To account, you need to transfer a positive amount in the opposite direction, so you need to enter as follows:
From Transactions > Transfer between Names, select the user account you want to transfer money TO in the Transfer From field.
Select the user name associated with the account you want to transfer money TO in the Name From field.
Select the user account you want to transfer money FROM in the Transfer To field.
Select the user name associated with the account you want to transfer money FROM in the Name To field.
Enter the Amount to transfer.
Enter the Date to transfer.
Enter any Notes to help you identify the reason for the transfer.
Click Transfer.