Record a bank transfer manually

How to record a transfer between two bank accounts in Sage Sole Trader. This involves creating a Money out and a Money in transaction.

When you transfer money between bank accounts, you need to record two transactions in Sage Sole Trader.

One transaction records the money leaving the source account. The other records the money arriving in the destination account.

Record the money leaving the source account:

1. From Transactions, go to Draft.
2. Select Add, then choose Transaction.
3. In the Money out tab, select Transfer, then select Next.
4. From Choose transaction type, select Transfer, then select Next.
5. Enter the transaction details including Date, Source, Description, and Amount.
   
   TIP:

   The Source is the bank account the money is leaving.

    

6. Sage Sole Trader automatically assigns the Bank, credit card or cash transfer category for you.
7. Select Save as completed, or to come back to the transaction later, select Save as Draft.

Record the money arriving in the destination account:

1. From Transactions, go to Draft.
2. Select Add, then choose Transaction.
3. In the Money in tab, select Transfer, then select Next.
4. From Choose transaction type, select Transfer, then select Next.
5. Enter the transaction details including Date, Source, Description, and Amount.
   
   TIP:

   The Source is the bank account receiving the money.

6. Sage Sole Trader automatically assigns the Bank, credit card or cash transfer category for you.
7. Select Save as completed, or to come back to the transaction later, select Save as Draft.