Transfers

Overview

The Transfers module in RunHOA is an essential financial management tool that allows for the tracking and handling of funds transferred between different accounts within the HOA. This feature is crucial for maintaining an organized record of internal fund movements, ensuring that all financial transactions are accounted for and can be reviewed for accuracy and auditing purposes.

Transfer Grid

Upon accessing the Transfers module, you are presented with the Transfer Grid which lists all the transfers that have been made.

• Date: Displays when the transfer was executed.
• Transfer to Account: Shows which account the money was transferred to.
• Reference#: A unique identifier for the transfer, like a transaction number.
• Memo: Includes any notes related to the transfer.
• Cleared: Indicates whether the transfer has been cleared with the bank.
• Amount: The total sum that was transferred.
• Quick Search: Quickly find a specific transfer using relevant search terms.
• Add New: Begin the process of recording a new transfer.
• Display/Print: Options to display the list in various formats or print it out.
• Search: Conduct a more detailed search with additional parameters.
• Filter: Apply filters to narrow down the list of transfers based on specific criteria.

Adding a Transfer Transaction

The Transfers module in RunHOA is an essential financial management tool that allows for the tracking and handling of funds transferred between different bank accounts within the HOA. This feature is crucial for maintaining an organized record of internal fund movements, ensuring that all financial transactions are accounted for and can be reviewed for accuracy and auditing purposes.

When entering a new transfer transaction or updating an existing one, the following fields and buttons are used:

• Transfer From Account: Select the account from which funds are being transferred.
• Transfer to Account: Choose the account that will receive the funds.
• Date: Input the date the transfer took place.
• Reference#: Assign a reference number to the transfer for tracking purposes.
• Cleared?: Confirm whether the transfer has been cleared by the bank.
• Total Amount: Enter the total amount of money transferred.
• Memo: Provide details about the transfer for record-keeping.
• Save: Commit the new or updated transfer details to the system.
• Delete: Remove an existing transfer entry if necessary.
• Back: Return to the main Transfer Grid without saving any changes.
• Display/Print Check: If applicable, print out the transfer check or display it on the screen.