How to Transfer funds from Bank to Bank within a Legal Entity and across Legal Entities

Tip of the Day: In Microsoft D365 Finance and Supply Chain (D365 F&SC), in Cash and Bank Management, did you know you can transfer funds across Legal Entities?

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To be able to transfer funds from one Bank to another Bank on one General Journal line within a legal entity, go to General Leger > Ledger Setup > General Ledger Parameters > Ledger > set Allow multiple transactions within one voucher = Yes.

If transferring funds from one Bank to another Bank on one General Journal line across legal entities (intercompany), go to General Leger > Ledger Setup > General Ledger Parameters > Ledger > set Allow multiple transactions within one voucher = Yes in both legal entities.

Note: If Allow multiple transactions within one voucher = No. You will receive an error when you try to post a General Journal line where the Account Type and Off Set Account Type are both set to Bank.

Here’s an example of a Bank to Bank funds transfer within a legal entity.

This is the General Journal.

Here are the vouchers.

Here are the 2 Bank Transactions.

Here’s an example of a Bank to Bank funds transfer across legal entities (intercompany).

This is the General Journal.

Here are the vouchers for the Account bank.

Here is the Bank Transaction for the Account bank.

Here are the vouchers for the Account Offset bank.

Here is the Bank Transaction for the Account Offset bank.