Transfer Funds Between Payment Accounts
How to Transfer Funds Between Payment Accounts in Muhasib ERP
Overview
This guide will help you move funds between two payment accounts without recording income or expense.
Muhasib reduces the source and increases the destination, with separate treatment for approved fees where set up.
Who can do this
You need access to Pay Account Funds Transfer and access to both source and destination accounts.
Before you start
Confirm source balance, destination, amount, date, method, reference, fees, exchange treatment if any, evidence, and approval.
Before saving, check that the correct company is open and that you have permission to complete this task.
Where to find it
Back Office → Muhasib Financials → Pay Account Funds Transfer.
Transfer Funds Between Payment Accounts
Step 1: Start a funds transfer
Step 2: Select distinct source and destination accounts
Step 3: Enter date, amount, unique reference, and narration
Step 4: Record approved fee or exchange details using the supported treatment
Step 5: Review direction and resulting balances
Step 6: Save once and retain transfer evidence
Check your work
Compare and Confirm both payment-account ledgers/statements, the transfer reference, and general ledger; net principal should not create profit or loss.
Take a moment to check your work before closing the window. This small check can save time later.
If something goes wrong
- Never select the same account on both sides.
- Search both accounts for the reference before retrying.
Related guides
- Manage or Correct a Payment Account Transaction
- Reconcile a Payment Account Statement
- Review an Account Ledger