Transferring Funds Between Ledgers

Within Street there are two features for transferring funds.

This article focuses on transferring funds between ledgers within Street. For information on transferring between bank accounts, see here.

The transfer funds between ledgers feature allows you to move funds from one ledger to another ledger.

An example of where this may be useful is a landlord with multiple properties has money stored on the ledger of one property but needs to pay for a maintenance job on another property. You can simply transfer the funds from property A to property B and then use this money to allocate to the maintenance charge on that ledger.

Head to an owner ledger and click actions > transfer funds.

First, select where you want to transfer funds from - either the unallocated funds on the ledger or from the float.

Next, select if you'd like to transfer to a property (owner ledger) or a tenancy (tenancy ledger) and use the search box to find the location to send funds to. If you are transferring to a property, you can also choose whether to transfer to the ledger or the float:

Finally, enter the amount you wish to transfer and a description for the transfer that will show on both ledgers.

You will see the breakdown of how each ledger/float's balance will update following the transfer.

When you're ready to proceed, click Confirm Transfer and the funds will move between ledgers. This will create a debit on the 'from' account and a credit on the 'to' account. These transactions can then be reconciled after importing your bank statement.