Is there a way that we can change a cash account to a new branch?
Example:
We are are currently using cash account **1234 for branch A and would like to use it for branch B
Best answer by Laura02
View originalTo transfer the remaining balance, do we need to do a journal entry?
+18
Hello,
We can’t change the branch on a bank account that has posted transactions, in Banking module, Cash Accounts screen.
We can set up a new Cash account connected to the new Branch, and to the same GL Account and Subaccount as the previous bank account. Then we can transfer the remaining balance from the old account **1234 to the new account *1234, and carry on using the new Cash Account.
Laura
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