Forum Discussion

MELCRES's avatar
MELCRES
Contributing Cover User
2 years ago

Transfer liability account funds held in bank account to a new Term Deposit Account

We have a trust fund bank account which holds funds on behalf of a project which is shown as a liability account on the balance sheet. I am needing assistance on how to show the deposit transfer of t...
Earl_HD's avatar
Earl_HD
MYOB Moderator
2 years ago

Hi MELCRES,

Thank you so much for your detailed post. A helpful solution for addressing this issue would be to explore this helpful article that covers Transferring money between accounts in detail.

Please keep us updated on your progress so that we can assist further as needed.
Regards,
Earl

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