Suggestions:
Fund transfer is simply defined as money moved from one financial account to another.
System has the provision to transfer funds from one bank to another using fund transfer. Mode of payment can be cash, cheque, DD, Payorder, electronic EDI, etc. Users can send someone money instantaneously simply by transferring money (or the data that represents that money) from the user’s bank to another entity’s bank.
We can use misc receipt, for recording of a cash /bank receipt from internal and external for such fund transfers
Fund transfer menu exists in Finance -> General ledger-> fund transfer.
In the screen, Users are allowed to select the bank from code and bank to code.
Users have to select the mode of transfer from cash, cheque, DD, Pay Order, electronic EDI, etc.
Users have to enter the following fields, Transfer amount, account code from and to, bank account from and to, site from and to, and bank currency.
System updated transfer status as confirmed / unconfirmed.