What are the setups in R11i for fund transfer between two bank

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What are the setups in R11i for fund transfer between two bank..

Answer / pawan

In 11i user can create receivable activity for bank to bank
tranfer can enter bank clearning account in account field
and can make misc receipt and misc payment using respective
bank.

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What are the setups in R11i for fund transfer between two bank..

Answer / dhananjay

Try following method:

Transfer funds from one bank to another by way of Manual
Journal in General Ledger. It is recommended to make such
transfers only by way of Letter of Instruction to bank
instead of preparing a cheque. Retain copy of this transfer
letter duly signed by authorised signatory and attach it to
the printout of Journal Voucher as a proof of funds
transfer.

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