SAV Academy · Banking & Cash
Bank transfers
Purpose
Move money between the company’s own bank and cash accounts.
Who uses it
Accountants and cashiers.
Step by step
- 1Open Banking → Transfers → New.
- 2Choose the from and to accounts and the amount.
- 3Post the transfer.
Key fields
| From / To account | The debited and credited internal accounts. |
| Amount | Value moved. |
Practical example
Transfer 5,000 AED from the main bank to petty cash.
Accounting impact
Debit the receiving account, credit the paying account — no P&L impact.
VAT impact
A transfer has no VAT impact.