If you need to reconcile a bank transfer between 2 entities, you can use BRAG's create tab to do this.
1. Head to the Mayday tab > Create and select which entity the transfer was sent to. Then in the Type field select "Transfer" and then pick the correct bank account from the drop down list. The amount field will auto populate using Mayday's fx rates (which come from ECB) but you can edit this amount if you would like. It doesn't need to be the exact amount the other side received.
2. Click continue and then enter the relevant description in the Why field
3. Then click OK to reconcile.
Transfers are a 2 step process (unlike when using BRAG for matching off invoices, bills and credit notes). When you click "Continue" in step 2 above, the transfer is created in the second entity but it has not yet been matched off against a bank transaction, so we need to log in to the Xero file for that entity and reconcile the transaction.
4. Log in to the entity receiving the transfer and head to the reconciliation dashboard for the relevant bank account. The transfer you created in the first entity will be available as a match for the transaction
5. All you need to do is click continue to add a description in the Why field
6. Then click OK to reconcile.
You can then use transaction matching in Balancer to ensure all transfers have been accounted for correctly, and any posting asymmetries are identified quickly.