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Cheque Bank Transfers overview

Cheque Bank Transfers overview

An overview of Cheque Bank Transfers in AccountsPrep.

AutoEntry Support Team avatar
Written by AutoEntry Support Team
Updated over a week ago

When processing a cheque after you add a cheque batch, you need to consider if it was also a bank transfer. This would be the case if a cheque was lodged to an internal bank account within the same business.

In this case, you need to:

  1. Match and reconcile the cheque with the associated payment in the bank statement data.

  2. Match the payment with the receipt on the other bank's statement data as a bank transfer.


How to do a Cheque Bank Transfer

Access the cheque payment batch

You may access the batch in different ways:

  • When adding a new Cheque batch

  • When editing a draft batch

Two methods

Individual transfer: If you want to do a bank transfer for an individual cheque, click '→' on the transaction line.

Multiple transfers: If you want to process multiple cheques together, check the boxes of the cheques you require to transfer and click the Bank Transfers button.

You can apply the same method used when processing bank statement transfers.

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