When sending money to a vendor via a direct deposit or electronic check, you can use the Electronic Funds Transfer (EFT) type in the Invoice/Manual Checks entry screen to record it.
To enter an EFT
We recommend using positive and negative EFT transactions to transfer the amount from one account to another. A positive EFT will reduce a trust balance, while a negative EFT will increase a trust balance.
To transfer funds from one trust account to another
Situations where money isn’t truly leaving the bank account in question, but is just being moved between associated trust accounts, can be performed by entering EFTs to show the transfer process.
To enter an EFT to remove money from an account
You can now deposit the amount of the transfer into the desired trust account.
For each trust account in TAS, you must enter a transaction to remove funds from the old bank, and then enter a transaction to add funds to the new bank.
If you will be writing a check from the old bank to the new bank, you can write a single manual check that encompasses all trust accounts, and then enter the check information into TAS for each trust account showing that the funds were removed from the old bank account. Once this has been completed, you can then enter a deposit for each trust account using the new bank account.
Alternatively, if you are not writing a check from one bank to the other, you can enter EFTs instead. When entering EFTs to remove funds from the old bank, enter a positive EFT amount. When entering EFTs to add funds into the new bank account, enter a deposit.