Transfer to GL Overview

Create journal entries for your general ledger system to record eSite monthly activity using the Transfer to GL option.

Transfer to GL can be run multiple times during the month.
It is typically run after PAME (Preliminary Accounting Month End) and before AME (Accounting Month End) so that PAME can be used to verify data accuracy before the actual transfer is run.
For companies running Accruals, the final transfer for the month creates the Lost Rent and Vacancy figures.

Transfers are managed based on your income code setup and the type of journal entries you elect to use. These options are defined in Income Code setup and include: Accrual, Cash, or Neither.

Accrual assumes if the income code is set to Accrual, then the transfer should include billings, adjustments, write-offs, and other non-cash transactions.
Cash assumes if the income code is set to Cash, then the transfer should include payments and that this type of accounting does not include Accounts Receivable balances.
Neither assumes transfers to the general ledger are not performed.

Keep in mind that all transactions must be approved, and not previously flagged as transferred, in order for the system to detect them for evaluation and complete the transfer to the general ledger.

Security Income Codes

Transferring Prepaids