Account — Inter Account Transfers

The Inter Account Transfers account is a built-in account in Manager that records transfers between your bank and cash accounts. While it comes with a default name, you can rename it to suit your accounting preferences.

Accessing the Account Settings

To rename the Inter Account Transfers account:

1. Go to the Settings tab.
2. Click on Chart of Accounts.
3. Locate the Inter Account Transfers account in the list.
4. Click the Edit button beside the account.

Editing the Account Details

In the edit form, you can modify the following fields:

Name

Enter a new name for the account if desired. The default name is Inter Account Transfers, but you can change it to better reflect your organization's terminology.

Code

Assign a code to the account if needed. Account codes can help with sorting and organizing accounts in your financial reports.

Group

Select the group under which this account should appear on the Balance Sheet. This categorizes the account appropriately within your financial statements.

Saving Your Changes

After making the necessary changes:

• Click the Update button to save the account details.

Important Notes

• Cannot Be Deleted: The Inter Account Transfers account cannot be deleted. It is automatically added to your Chart of Accounts when you create at least one bank or cash account.
• Essential for Transfers: This account is essential for recording transfers between your bank and cash accounts.

For more information on managing bank and cash accounts, see Bank and Cash Accounts.