Transfer Funds Quick Start

The “Transfer Funds” tool in Jewel provides a clean, simple way to record money that is being moved between Bank Accounts or between Local Funds.

Best practice for transfers is to enter them before starting the month-end closing process, but they can be entered at any time during the month, up until you Print Monthly Reports.

To transfer funds in Jewel, follow these instructions:

1. Click on Transfer Funds on the Jewel Home Screen.
2. The date (in the upper left corner) defaults to today's date, but can be edited if needed. Use the Memo field to indicate the reason for the transfer, such as "Per Board vote on 5/17/26" or "To zero out at month end".
3. You have the option to transfer in or out of multiple accounts. This is in case you need to take money from multiple funds to put into one OR take money from a single account and divide it among multiple funds. Select whichever method you would like to use by clicking the small white circle beside your preferred option. Notice how the screen changes when you select either one. It will expand the TO or FROM accounts so that you can enter multiple accounts. If you are making a transfer from a single account into a single account, it does not matter which of these is selected.
4. Now, select the account(s) the money is being transferred out of - either by typing it in or selecting from a list with the down arrow. Then for each account type in how much money is to be transferred. To insert an account, either press ENTER after the previous account keyed in, OR click the insert button.
5. Next, select the account(s) the money is being transferred in to and how much money is to be transferred in. The amount being transferred in must be the same as the amount you transferred out. You can't take $50 out and transfer in $60!
6. When finished, click OK and you're done! Jewel will make the appropriate adjustments in the records.

Note that you can look at a record of previous transfers by clicking the "Transfer Report" button.