Book Transfers

Intercompany accounting made easy with book transfers

Forget the hassle of toggling between your bank portal and your ERP or accounting software for a simple book transfer. With FISPAN, you can initiate transfers between your company’s accounts directly from within your financial management software.

fund transfers

Convenience and efficiency

Initiate funds transfers directly within your ERP or accounting software, eliminating the need to log in to your bank’s portal. This not only saves time but also reduces the risk of errors by automating the transfer process. Conveniently access all your account information and transfer history from a centralized location, facilitating efficient management of your finances.

Automated journal entries

Improved accounting accuracy

FISPAN automatically generates the corresponding journal entries in your accounting records for every book transfer, ensuring a seamless integration with your cash management processes. Maintain a comprehensive audit trail of all your book transfers, simplifying reporting and compliance.

Effortless funds transfer

Moving funds between your accounts has never been easier. Conveniently initiate funds transfers directly within your native Netsuite and Sage Intacct environment. Experience the convenience and efficiency of FISPAN book transfers, and take control of your cash management processes.

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Security and Control

Enhanced security and control

Leverage the robust user permissions of your ERP or accounting software to prevent unauthorized transfers. Customize user permissions and access levels to ensure only authorized personnel can initiate transfers.

Easy transfer process

How it works

Experience seamless book transfers with our intuitive platform, crafted for efficiency. Select your source and destination accounts directly within your ERP and enjoy the convenience of automatic journaling. Our system generates and records precise journal entries in your accounting records, ensuring a streamlined and error-free financial process from start to finish.

Select accounts: Choose the source and destination accounts for your fund transfer within your ERP.

Enter transfer details: Specify the transfer amount and a memo for the transaction.

Review and approve: Entitled users can approve the transaction based on your organization’s internal controls.

Automatic journaling: The corresponding journal entries are automatically generated and recorded in your accounting records

Frequently asked questions

Will transfers made through the solution impact my General Ledger in the ERP?

Initiating a transfer will either create a standard journal entry, or an advanced intercompany journal entry, depending on which accounts are selected.

Where can I see a record of all the transfers that have been initiated?

The history section of the transfers module will provide a record of all transfers that have gone through the solution, regardless of status.

Can I transfer between two different currencies?

At this time, only USD -> USD transfers are supported through FISPAN’s embedded solution.

Who is able to initiate transfers from within the solution?

Only users who have been granted access to the Transfers module will be able to originate transfers.

Ready to get started?