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Transferring funds between accounts

Transferring funds between accounts

Owned by Nicky Minnock
Last updated: Jul 19, 2022 by Fiona Hardy
1 min read

This guide has been reviewed against our global client base and classed as relevant to all regions

This page explains the process to follow to transfer funds between accounts

1. Raise an admin fee with no VAT/GST to the account where the funds are currently situated

  • Allocate the incorrectly receipted funds to the admin fee invoice

 

2. Raise a goodwill credit to the account where the funds should belong to 

  • The funds are now removed from the incorrect account and now are on the correct account via the agent

 

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