What is inter-branch transfer?

Introduction. An interbranch transfer is the process of moving inventory from one location to another location within the internal business environment. For example, transfer of inventory from one warehouse to another warehouse.

What is a branch transfer?

A Branch Transfer removes stock from one branch, and receives it into another.

How do I account for inter-branch transfer?

Interstate inward branch transfer

  1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchase .
  2. Select the branch ledger for Party A/c name .
  3. Select the Purchase ledger created for branch transfer.
  4. Select the stock item which is defined with the tax rate, and enter the Rate and Quantity .

What is inter-branch payment?

Inter-Branch Payment. Transfer of money between accounts at different Royal Bank branches.

What is intersol transaction?

As ‘Intersol’ charges are charges levied by the bank to cover the cost of extending services to customers by using the CBS/Internet/Intranet platform, the cost should be branch/customer agnostic in- principle. It is clarified that cash handling charges may not be included under intersol charges.

What is independent branch?

Independent Branches are those which make purchases from outside, get goods from Head Office, supply goods to Head Office and fix the selling price by itself Thus an independent Branch enjoys a good amount of freedom like an American Son.

How do I go from blue to green?

Operation Blue to Green (From Navy or AF to the Army) There is a program that will allow members of the Navy and Air Force who are serving in over-manned jobs to request early discharge, in exchange for agreeing to a three-year active duty enlistment in the Army. The name of this program is “Blue to Green.”

What is Vtip Army?

The new policy, known as the Voluntary Transfer Incentive Program (VTIP), allows mid-career Army officers to volunteer to switch specialties to a functional area, subject to eligibility constraints and Army approval.

What is branch accounting?

Branch accounting is a bookkeeping system in which separate accounts are kept for each branch or operating location of an organization. Technically, the branch account is a temporary or nominal ledger account, lasting for a designated accounting period.

What does IBB stand for in banking?

IBB. Inter Branch Banking. Copyright 1988-2018 AcronymFinder.com, All rights reserved.

What is CBS in BOI?

Bank of India on Monday said it has completed implementation of core banking solution (CBS) in all its 3,023 branches. MUMBAI: Bank of India on Monday said it has completed implementation of core banking solution (CBS) in all its 3,023 branches.

What is non base branch?

And the banking facilities available to customers at branches other than the home branch are called non-home branches. If any cash transaction, such as deposit or withdrawal, is done at a non-home branch, a fee is levied.