Wire Transfer Entry - Field Descriptions

Use this table for reference when completing the fields on this screen.

Field

Description

Listing

Click this button to open the Wire Transfer Listing screen. This button will only be available before entering into transaction mode.

Update

Click this button to open the Wire Transfer Register screen. This button will only be available before entering into transaction mode.

Wire transfer

Bank account

Enter the bank account code from which the money will be drawn on.

Note: Spectrum automatically disallows any accounts that are not bank accounts from being entered into this field. In other words, credit card accounts are not permitted in this field.

Wire #

Enter the wire transfer number, or press Enter to accept the next wire transfer number. The wire transfer number defaults to the next available number from the Cash Management Bank Account Maintenance screen.

Transfer type

Select the transfer type: Bank (internal transfer) or Payment (third party).

Cost center

If the cost center feature is enabled in the Enterprise Installation screen, enter the wire transfer cost center code in this field. This cost center will be used as a default during entry.

G/L transaction date

Enter the transaction date, or press Enter to accept the default of the current Cash Management Processing Date.

Transfer information

Amount

Enter the amount (up to $99,999,999.99) of the wire transfer to be wired from the bank account indicated above. The undistributed amount will display to the right of this field.

Memo

Enter any comments associated with this wire transfer.

Detail lines

Comp

Enter the transfer company code.

Bank account

Depending on the transaction type, enter the transfer bank account code or general ledger account code. If the Transfer Type specified in the heading portion of the screen was Bank, enter the bank account to which money will be transferred. If the Transfer Type specified was Payment, enter the General Ledger account code to be debited for transfer to a third party.

Note: Entry is prevented when the account code status is set to Not used. A warning displays when the status is set to Inactive.

Account description

Depending on the transaction type, the bank description or general ledger description (up to 30 characters) displays.

Amount

Enter the amount of the transfer or press Enter to accept the default amount.

Memo

Enter any comments for this line item, or press Enter to accept the software default of the text entered in the Memo field above.

Cost center

A Cost center field is provided on each detail line for expense distribution. As the cost center is recorded, Spectrum compares the bank account’s list of shared cost centers with cost centers in the operator’s assigned scheme; if there are no common cost centers, then that cost center is not allowed.