How to transfer funds between your internal banks?

Internal bank transfers can be handled in two ways.

1. By using the Cash Management functionality.

                      OR

2. You need to create a supplier and a customer in the name of your company.These should be used only for fund transfers (with fund transfer sites ). You can raise a standard invoice in AP on the Supplier ( Your Co. as supplier ) then make the payment selecting the bank account from which u are transferring funds. Now in AR you can create a Debit Memo on your company's name (Customer) and book a receipt selecting the bank in which the funds are to be transferred and apply the DM to the receipt. Finally at the month end you can pass a manual JV in gl and clear off the balance remaining in these accounts.