Why 'Inter Account Transfer' instead of 'Deposit' module?
The Inter Account Transfer module is designed to facilitate fund transfers within an organization, catering to both inter-campus and intra-campus account transactions. This includes transferring funds between:
- Accounts of different campuses (e.g., transferring funds from one campus’s bank account to another campus’s cash account).
- Accounts within the same campus (e.g., transferring between cash and bank accounts).
The module supports various types of transactions, such as:
- Cash to Cash
- Cash to Bank
- Bank to Cash
- Bank to Bank
In contrast, the Deposit module in the Campus Panel is designed specifically for transferring funds within accounts of the same campus only. It does not support inter-campus transactions, making the Inter Account Transfer module essential for cross-campus financial operations.