Miscellaneous ledger: Transfer funds from the miscellaneous ledger

The miscellaneous ledger is a good place to accrue extra money that you can apply to student bills or payments that come up infrequently, or unexpectedly. It is also a good way to save enough money to pay for fixed payment items. When you have accrued enough money, you can transfer funds to applicable items.

1. On the Main Sections menu, click Finances, and then click Misc. Ledgers.
2. In the Select student list, select the student.

3. On the Enter Transaction tab, click Transfer.

4. Fill in the transaction information and click 

   

5. .
   1. The Transaction Date defaults to today's date. If you want to change it, click the date and select a new date.
   2. For Transfer Money To, select the ledger, or student you want to transfer money to.
   3. Depending on your selection for step b, the next option varies. Select the appropriate option.
   4. For transfers made to any student or ledger other than the fixed payment ledger, type a Transfer Amount (transfers to the fixed payment ledger items are transferred in full and therefore you do not need to enter a Transfer Amount).
   5. Charms defaults the From Account and the To Account to your default account ledger. When you transfer funds between student ledgers, you are just shifting credit from one student ledger to another and no money needs to be posted to your account ledger. So in most cases, you will leave these defaults. However, if you are moving monies between account ledgers, make the applicable selections for the From Account and To Account fields.