TABLE OF CONTENTS

• Summary
• End Result
• Method
• Considerations

Summary

How to transfer a balance from one debtor to another. 

End Result

The Balance will be transferred from one debtor to another. 

Method

1. Create a charge against the debtor you wish to transfer the amount to. 

2. Create a negative charge against the debtor you wish to remove the amount from

Most schools will have some sort of 'Transfers' type Fee Code setup for this purpose where the linked GL code is a clearing account. The net result of this GL Account should be 0 once the transfer is complete.

Considerations

Should this amount be refunded and re-entered rather than transferred. In some circumstances it may be beneficial complete a refund and then re-enter.