Transfers
How to move money between Cash, M-PESA and Bank
Record transfers when business money moves between your own accounts.
Use transfers when money moves between your own business accounts.
Examples
- Cash deposited into Bank.
- M-PESA collections moved to Bank.
- Bank withdrawal used to add Cash float.
- Cash moved into M-PESA float.
Steps
- Open Transfers.
- Choose the account money moved from.
- Choose the account money moved to.
- Enter the amount.
- Add a note if needed.
- Save the transfer.
Important
A transfer is not a sale and not an expense. It only changes where your business money is held.
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Bizwazi helps small businesses record sales, expenses, invoices, inventory, bills, transfers and daily balances so the money makes more sense.