You can record internal transfers between accounts within your banking environment in SILQ using the 'other' expense class in spend money.
Ensure you have both the bank accounts setup in SILQ (i.e. the account you are transferring from and the account you are transferring to.
To do this:
- navigate to the spend money window
- click on new spend
- the incurred date will default to today - if this was done on a different date, select the correct date remembering it should reflect your bank account exactly.
- if not already, change the paid field to paid (in this instance the date paid should match the incurred date)
- choose the bank account you are transferring from
- the type should be set to transfer
- cheque number should be left blank
- the payee will just be the name of the practice
- you can put in a reference if you like, or leave it blank
- type in a note to explain the purpose of the transfer (e.g. move to a GST account)
- In the class dropdown choose 'other'
- ignore the matter field (this will be unclickable at this point anyway)
- type in the amount - you will notice that the GST fields are greyed out - this is because this will not affect your BAS
- from the expense account box - choose the bank account you want to transfer to
- click save
