Process Balance Transfers


 * Process Balance Transfers
 * Who: Top Management
 * What: Convert expensive money into less expensive money
 * Where:
 * When: When the opportunity be comes apparent
 * when introductory offers expire
 * upon receipt of better offers
 * when interest rates rise
 * Why: We want pay the lowest possible cost for money
 * How: Make the decison to transfer
 * Transfer
 * via check or phone
 * record the tranaction as a Journal Entry
 * record the particulars of the the new deal in the descriptions of the accounts
 * expiration date of new deal
 * new interest rate
 * anything else pertinent