If you decide to change banks, you need to set up a new bank account and move the balance from the old bank account to the new one.
You can transfer funds in Tali (Method 1) or, if the accounts are at different banks you can write a cheque to clear the old bank balance and deposit it in the new bank account (Method 2).
Method 1 - Transfer
Step 1 - Setup the new bank account
Select Administration > Manage Bank Accounts > Create Bank Account.
Enter a new unique Account code (up to 6 characters) and new Account name.
Click Save to save details.
Note: The bank account code must be something not already used.
Step 2 - Transfer money from the old bank account to the new
Select Bank and Cash > Transfer Between Bank Accounts.
Select the 'old' bank account to transfer the money from and the 'new' account to transfer the money to.
Enter the Amount.
Select the transfer Date.
Click Transfer.
When your bank statement arrives you should reconcile both halves of this by using options Bank and Cash > Reconcile a Bank Statement.
Method 2 - Cheque Payment
Step 1 - Set-up the new bank account
Select Administration > Manage Bank Accounts > Create Bank Account.
Enter a new unique Account code (up to 6 characters) and new Account name.
Click Save to save details.
Note: The bank account code must be something not already used
Step 2 - Record expenditure and income in Tali
Expenditure:
Select Transactions > Record Expenditure.
Select a User Account * - any one will do but we suggest a bank interest or general account is the most appropriate.
Enter the Description as cheque drawn to clear balance.
Select the Type as cheque and the 'old' bank account as being the one from which this cheque has been drawn.
Enter the Amount of the cheque and an appropriate Date.
Enter an appropriate cheque number.
Select the name of the 'new' bank account from your names list (if it isn't there, add it by scrolling to and above the first name in the names list and Add New Name).
Save and print the transaction by left clicking Save & Print.
Income:
Select Transactions < Enter Income.
Select the same User Account as you used in Step 2 Expenditure * above.
Select the name of the 'new bank account' from your names list (if it isn't there add it by selecting Manage Names from the right hand side)
Enter the reason as cheque received to clear balance.
Enter the amount and select the Cheque option and accept the Transaction No.
Enter an appropriate date and save the transaction by left clicking Save.
Step 3 - Bank the cheque
Select Bank & Cash > Pay Income to Bank.
Select the item by double clicking it
Enter appropriate paying in slip number and date.
Select the 'new' bank account as the receiving bank.
Click Pay In Income to Bank to save.
When you receive the bank statements, reconcile the transactions by using:
Bank & Cash > Reconcile a Bank Statement.
The User Account you used in steps 1 and 2 above will have the same balance as before this exercise. The 'old' bank account should have a zero balance and the 'new' bank account should have a balance including the value of the cheque.