How can I transfer funds from a bank to a liability account?
To transfer funds from a bank to a liability account:
- Go to the Banking module and select the bank from which you want to transfer funds.
- Click the Add transaction dropdown and select Expense under Money Out.
- Select the specific liability account you want to transfer the funds to in the Expense Account dropdown.
- Enter the amount that you wish to transfer from the bank to the selected liablilty account.
- Add other necessary details and click Save at the bottom.
The transaction for transferring fund from the bank to the liablity account will be completed.