Bank Transfer Postings

$image\bullet.gif$ The bank account you are moving money from, is decreased by the full amount (a credit posting).

$image\bullet.gif$ The bank account you are moving money to, is increased by the full amount (a debit posting).

$image\bullet.gif$ The audit trail is updated with two transactions. A journal credit (JC) taking the money out of one bank and a journal debit (JD) putting the money into the other.