With this grid, users can see and manage the money that needs to be transferred between bank accounts.
The grid is separated by branch. Within each branch header, users see what is due to/due from each branch underneath that. Each branch subset underneath the main branch header includes the debits/credits for each inter-branch account.
The screenshot shows pulling the inter-branch activity between Branch A and Branch B as such:
Branch A owes Branch B $5.00 from Invoice #41393 that was created for a customer under Branch A where the invoice included $5.00 of revenue for Branch B. The entry from the invoice generated would have included an inter-branch entry as such:
|
Debit |
Credit |
Branch |
|
|
Inter-Branch Due from Branch A |
$5.00 |
Branch B |
|
|
Inter-Branch Due to Branch B |
$5.00 |
Branch A |
Branch B owes Branch A $84.72 from Journal Entry - #1002 created with a header branch of Branch A. This journal entry was for payroll expense and created an inter-branch entry:
|
Debit |
Credit |
Branch |
|
|
Inter-Branch Due from Branch B |
$84.72 |
Branch A |
|
|
Inter-Branch Due to Branch A |
$84.72 |
Branch B |
Each branch can create entries that represent payments to other branches; records labeled with 'Due To' have a checkbox on the far left, and there is a checkbox at the subbranch header that auto selects all the 'Due-To' options within that specific branch grid.
To move money out of one branch and into another, there is a popup for users to select a bank for each branch, representing where the money is coming out of and going to. This popup includes the branches in the entry being made for the branches selected on the grid:
To offset inter-branch accounts associated with the selected entries in the grid without moving money from one branch/bank to another, users click the Offset Balance for Selected button.