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Create an internal transfer ​

An internal transfer links two payments between accounts of the same building. For example: moving funds from the working capital account to the reserve fund.

Accounting entry only

An internal transfer in SNDQ only creates accounting journal entries. The actual bank transfer must still be executed by the property manager through their banking portal.

Requirements ​

Before you can mark an internal transfer, make sure:

  • There is one outgoing payment on the source account and one incoming payment on the target account.
  • Both payments have the same amount and currency.
  • Both payments must have status Open (not yet assigned).
  • Both accounts must belong to the same building.

How to mark an internal transfer ​

Select the outgoing payment ​

  • Go to the building's account page and open the payments list.
  • Click on a payment that represents an internal transfer (e.g. an outgoing payment of €500.00 to your other account).

Assign as internal transfer ​

  • Click the Assign dropdown button.
  • Select Internal transfer.
  • Search and select the matching payment on the other account (same amount, opposite direction).
  • Enter a description (e.g. "Internal transfer — reserve fund Q1").
  • Click Confirm.

What happens after marking ​

  • Both payments are set to Assigned.
  • Accounting journals are automatically created.
  • The two payments are linked — click on one to navigate to the other.
Video — Full flow: create an internal transfer

How to undo an internal transfer ​

If an internal transfer was marked incorrectly:

  • Open a marked internal transfer payment.
  • Select Unmark internal transfer.
  • Both payments return to Open status.
  • The accounting journals are deleted.

Need help?

Contact our team at info@sndq.be or use the Get Help option in the SNDQ application.