Reverse a bank transfer

Post a reversal for bank transfers if you bank reconciled them in error.

A Bank Transfer is when money moves from one bank account to another.

To reverse, you need to post another transfer from the receiving bank account back to the original account. This will update the balance on both accounts. You can then create the correct transaction if necessary.

1. Go to Banking and from the New dropdown, select Bank Transfer.
2. In the Paid from Account field, choose the bank account you want to transfer the amount from.
3. In the Paid into Account field, choose the bank account you want to transfer the amount to. 
4. Enter the Amount you want to transfer.
5. Set the Date Transferred to match the date of the original bank transfer. 
6. Add a Description and an optional Reference. 
7. Select Save. 

• Create a bank transfer
• Edit or delete a bank transfer