Sage MAS 90 | Sage MAS 200| Sage MAS 500| Sage CRM SalesLogix | DSD

Sage MAS 90 and Sage MAS 200 Technical Tips from DSD Business Systems

****JavaScript based drop down DHTML menu created by Dan Smith. (DSD Inc. - http://www.dsdinc.com)****

MAS 90 & 200 Tech Tips General Tech Tips Hidden Utilites Identifying MAS 90 CD Roms Copying Company Data MAS90 3.71 PDF Manuals Recovering Disk Space Year End Closing Procedures E-mailing and Invoice or Order Creating a Custom Look-up Are you ready for 4.0? Business Insights Wizard Tape Backup Strategy Windows SP2 for 3.71 & 4.0 FRX Desktop - Custom Financials Share Point Required on Server How to copy a company in 4.0 Accounts Payable Tips Payments &: Wire Transfers Reversing an AP Check 1099 Printing for Year 2003 E-mailing an Order or Invoice Accounts Receivable Tips Bank Transfers Sales Tax Calculation Utility Balance Forward Issue Customer Sales Summary by Year Report Top 15 Customer Rank Report Refunding Sales Tax Customizing Lookups in 4.0 Apply a Credit Memo to an Invoice Processing Customer Deposits E-mailing an Order or Invoice General Ledger Tips Balancing Inventory to the GL Finding G/L Problems & Preparing for 4.0 Out of Balance in 4.0 Trial Balance Recording Bank Transfers with Transaction Journal Entry Batch Processing in G/L 4.0 Inventory Tips Inventory Transaction Types Purchase Order Tips How to Clear Backorderd PO's Managing the PO Clearing Account Payroll Tips Voiding a Direct Deposit Check Arizona State Income Tax Min. $5.00/Month Workaround Updating Federal 941 Form for Year 2003 2003 Payroll Year-End Procedures W-2 Processing W2 Printing for Year 2003 Sales Order Tips Credit Memo with a Credit Card Processing Customer Deposits Crystal Reports Tax Tips Using Form DE-4 to adjust CA State Income Tax Withholding 1099 Printing for Year 2003 W2 Printing for Year 2003 2003 Payroll Year-End Procedures W-2 Processing MAS 90 4.0 Tech Tips Are you Ready for 4.0? Solving Client Server Firewall Issues Finding G/L Problems & Preparing for 4.0 Out of Balance in 4.0 Trial Balance Windows XP SP2 Support for 4.0 Recording Bank Transfers with Transaction Journal Entry Batch Processing in G/L 4.0 How to Copy a Company in 4.0 DSD Services Training MAS 90 & MAS 200 MAS 500 SalesLogix On Site Training Crystal Reports IT & Network Services Internet Services Professional Services Consulting Implementation Support Custom Programming

Sage MAS 90 4.0 Tech Tips from DSD

DSD Sage MAS 90 Tech Tip 39 - Recording Bank Transfers with Transaction Journal Entry

Sage MAS 90 Version 4.0 New Feature Spotlight

by Jennifer Phillips

Sage MAS 90 – Sage MAS 200 version 4.0 now has the ability to do a one step transfer between bank accounts. In previous versions you needed to create two separate deposits in Cash Receipt Entry – one positive to move the cash into the receiving bank account, and one negative to remove the cash from the sending bank account. (See the Tech Tip on Bank Transfers on our website for further information.) Now you may simply transfer the funds using General Ledger Transaction Journal Entry.

You may want to create a new source journal to record bank transfers. In this example, we have used the source journal “TR” for transfers.

To record a bank transfer, open the Transaction Journal Entry program. Enter the source journal you wish to use and select the next entry number.

Press the Format button.

Enter the Offset account to be used. The offset account should match the account for the Bank Code of the sending bank account. Select to have the offset account credited by the amount of the transfer.

In the Line Options section, select Bank Transfer as the Transaction type. Transfers are recorded between the bank code selected in the Bank Code field on the Header tab and the bank code selected for each line on the lines tab. Bank transfers may be recorded from a single bank code to multiple bank codes. The bank code selected in the “Transfer Funds to Bank Code” option is used as the default for the bank code on the Lines tab, and may be changed on a line-by-line basis.

After you have completed the Transaction Journal Format screen, press “OK”. Go to the Lines tab. On the lines tab enter the GL account for the receiving bank and enter the amount to be transferred. When the transaction is updated to Bank Reconciliation, an entry will be made for the bank code transferring the funds and another entry will be made for the bank code receiving the funds.

Sage Software, the Sage Software logos, and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software, Inc., or its affiliated entities. All other trademarks are property of their respective owners.