Skip to main content

Inter-Branch Fund Transfer

Ensure Accurate, Controlled, and Transparent Transfers Between Company Locations​

Managing financial operations across multiple branches requires precise handling of internal fund movement. PrismERP’s Inter-Branch Fund Transfer feature enables organizations to initiate, approve, and track the transfer of funds between branches—ensuring smooth cash flow, proper allocation, and full accountability across the business.

What is Inter-Branch Fund Transfer?​

Inter-Branch Fund Transfer refers to the internal movement of company funds between different branches or cost centers. Whether it’s for operational needs, expense coverage, or centralizing surplus balances, this feature allows finance teams to process such transfers efficiently while maintaining accurate financial records and audit trails.

Key Features of Inter-Branch Fund Transfer in PrismERP​

Branch-to-Branch Transfer Setup
Easily define source and destination branches and the purpose of the fund transfer.

Approval Workflow Integration
Route fund transfers through authorized workflows to prevent unauthorized movements.

Real-Time Fund Availability Checks
View balances of each branch account before initiating a transfer.

Dual-Entry Accounting
Automatically generates journal entries for both sender and receiver branches to maintain financial consistency.

Multi-Currency Support
Handle inter-branch transfers involving different currencies with automated exchange rate calculations.

Audit Logs & History Tracking
Maintain a complete record of every inter-branch transaction, including initiator, amount, date, and purpose.

Branch-wise Fund Allocation Reports
Analyze historical transfer trends to support strategic financial planning.

Integrated with Core Financial Modules​

General Ledger: All inter-branch transfers are automatically recorded in branch-wise ledgers.
Cash & Bank Management: Syncs with branch-wise accounts and reflects updated balances.
Accounts Payable & Receivable: Ensures offsetting entries are reflected in internal accounts.
Budgeting & Financial Planning: Aids in monitoring planned versus actual fund transfers.

Ideal For:​

  • Multi-branch companies managing central and regional operations
  • Banks and financial institutions with branch-level cash handling
  • Manufacturing businesses with multiple plants or warehouses
  • NGOs and donor-funded projects with site-based fund disbursement
  • Educational institutions and hospital chains with branch campuses

Centralize Financial Control with Inter-Branch Fund Transfers in PrismERP​

With PrismERP, your finance team gains a structured and transparent way to move funds internally—keeping branch operations fluid and the organization's finances well-aligned.
Request a Demo to experience seamless inter-branch fund management.