How to Create a Transfer Between Accounts in Tagrit ERP Accounting Module

Introduction

Transferring funds between accounts is a common task in accounting, whether it's moving funds from cash to bank accounts or between other accounts. Tagrit ERP’s Accounting Module provides an easy way to handle these transactions. This guide will walk you through creating, viewing, and tracking account transfers.

1. Accessing the Transfer Menu

1. Navigate to the Transfer Menu:
   • Go to the Transfer menu within the Accounting and Bookkeeping Module in Tagrit ERP.
   • Select Add to start a new transfer entry.

2. Configuring the Transfer Details

1. Select Source Account:

   • First, choose the account from which you want to transfer funds. For this example, let’s select the Cash and Cash Equivalents account.

2. Select Destination Account:

   • Next, choose the account to which you want to transfer money. Here, we’ll select the Bank Demo account.

3. Set the Transfer Date and Description:

   • Enter the date for this transfer, setting it to 2024.
   • Add a description for the transfer to provide additional details.

4. Save the Transfer:

   • Once all details are entered, click Save to complete the transfer entry.

   You now have the option to edit or delete this transfer if necessary.

3. Viewing the Transfer in the Accounting Records

1. Account Register:

   • The transfer will appear in the Account Register, Account History, and Reports.
   • First, go to Register and select the Cash and Cash Equivalents account.
   • Click on the account name hyperlink to access the account details.

2. Locating the Transfer in the Register:

   • In the account register, you’ll see the transfer entry with the date set to 2024.

4. Finding the Transfer in the Chart of Accounts

1. Chart of Accounts:

   • Navigate to the Chart of Accounts and select either the source or destination account for this transfer.
   • Here, select Cash and Cash Equivalents, then click on the history icon.

2. Viewing the Transfer Transaction:

   • In the transaction history, you’ll find the transfer on the second line.
   • This transaction will also be recorded in the history of the Bank Demo account, under the second line.

5. Reviewing the Transfer in Reports

1. Generating a Journal Report:
   • To see the transfer in your reports, go to Reports and select Journal Report.
2. Filtering the Report:
   • Set the report period from October 18, 2024 to October 18, 2024.
   • In the last two lines of the report, you’ll find the transfer transaction details.

Conclusion

Creating and managing transfers between accounts in Tagrit ERP’s Accounting Module is a straightforward process. By following these steps, you can accurately track fund movements, ensure financial records are accurate, and keep your books balanced for better financial insight.