[CM] CM Transfers

This process records a transfer of funds between CM accounts, ensuring the transaction is reflected in the Clear Entries for both accounts.

Steps:

1. Open CM Transfers

   • Navigate to: Cash Management > Programs > CM Transfers

2. Select Batch Month

   • Enter the month corresponding to your Statement Date

   • Click OK

3. Create a New Sequence

   • Press Enter to generate a new sequence

4. Enter Transfer Details

   Transfer From Section:

   • CM Co #: Company sending the funds

   • CM Acct #: Account from which the funds are withdrawn

5. Transfer To Section:

   • CM Co #: Company receiving the funds

   • CM Acct #: Account receiving the funds

6. Additional Fields:

   • CM Reference: Enter a unique identifier for the transaction

   • Date: Enter the transaction date (default is today; update to match the batch month)

   • Amount: Enter the transfer amount

   • Description: Provide a brief description of the transfer

7. Save and Post the Transfer

   • Click Save

   • Navigate to File > Process Batch > Validate > Post

This ensures that the transfer is accurately recorded and visible in both CM accounts’ Clear Entries.