Make a transfer between different accounts
In this article, we will show you how to make an internal transfer to move money from one bank account to another.
General practices
If you have transferred money between two bank accounts, for example between a VAT account and the primary bank account, you can easily register the transfer in Shine.
You need to create a bank account in the chart of accounts for each of the bank accounts you have in the bank. This makes it easier for you to keep track of your bookkeeping and check if the bank balance is correct.
Create a manual transaction
- Go to Bookkeeping > Daybook
- Click on + Add Transaction
Example: Here it is the case that €500 must be added to 5711 Wise Bank and taken from 5710 Bank. Therefore, 5711 is debited for €500 and 5710 is credited for €500.
Create a bank account
If you have not created your second bank account in Shine, you need to do this before making the internal transfer.
To create a bank account:
- Go to Settings > Accounting > Edit chart of accounts
- Click on Create Account in the top right corner
- Choose the right category which should be Liquid Assets