Banking > Manage Recurring Bank Transfer


Use this page to set up transfers from one bank to another to occur on a regular basis, and to review, edit and delete existing transfers. 


Step 1. Navigate to Banking > Manage Recurring Bank Transfer. 

 

Step 2. Select Add Transfer from the Page Actions drop down menu. 

  

Step 3. Complete the fields in the Bank Transfer window. 


Overview Tab - General Section


  • Association- Select the correct Association from the drop down menu.

  • From Account- Select the Bank Account the transfer is coming from. 

  • To Account- Select the Bank Account the transfer is going to. 

  • Pay Via- Select the method of transfer from the drop down menu.

  • Check- Selecting this option will initiate a check payable to the receiving account. Enter the name of the receiving account in a Payee Name field below.

NOTE- After completing this step, the check will need to be generated in order to complete the transfer.

  • Auto Debit - Select this option if the transfer has already been made and needs to be recorded in uManage. 

NOTE- This option will NOT initiate a transfer at the Bank. 

  • ACH- This option will generate a NACHA file that can be sent to your bank to initiate the transfer of funds. A NACHA file is a set of instructions that triggers a batch of ACH payments as soon as it is uploaded into a bank portal. 

NOTE- Not all Banks support this transfer method. Contact your Bank to make sure this option is available to you.

  • Transfer- This option can be used if BOTH bank accounts are set up with an Integrated Bank.

  • Payee Name- Enter the Payee Name, if using the Check option above.

  • Date- Enter the date of the transfer. 

NOTE- This date can be updated to reflect the actual date of the transfer.

  • Amount- Enter the amount of the transfer

  • Posted- Clicking this box will post the transfer.

NOTE- This box will also be grayed out once this transfer has been posted.

  • Void- Clicking this box will void the transfer. 

  • Memo- Add additional description if needed. 


 

Overview Tab - Journal Entry Section

  • GLAccount- Select a GL account from the drop down menu. 

  • Memo- Enter an optional description to help identify the transaction. 

  • Debit- Enter an amount for the Debit. 

  • Credit- Enter an amount for the Credit.

Recurring Tab - Complete the fields necessary to schedule recurrence as needed. 

Step 4. Double check totals to make sure the Journal Entry portion is correct. The Open balance should be $0.00.

 

Step 5. Click the Save Recurring button to complete your new recurring transfer.