Alaan allows Admins to transfer funds between wallets within the same organization. This can be used to move funds between a primary wallet and sub-wallets, or between two sub-wallets, depending on your funding needs.
Inter-wallet transfers are processed instantly and do not create expense transactions.
Steps to transfer funds between wallets
Follow the steps below to transfer funds between wallets (inter-wallet transfer):
Step 1: Log in
Log in to your Alaan Admin web portal using your account credentials.
Step 2: Navigate to Manage Funds
From the sidebar menu, click Home. On the dashboard, click Manage Funds in the top-right corner.
Step 3: Click on Transfer Funds
On the Manage Funds page, click Transfer Funds (top-right corner).
Step 4: Select the wallets
Select the source wallet (primary or sub-wallet).
Select the destination wallet (primary or sub-wallet).
Step 5: Enter the amount and confirm
Enter the amount you want to transfer, add a note (optional), enter your passcode and confirm the transfer.
FAQ
Q: Who can transfer funds between wallets?
Only Admin users can initiate inter-wallet transfers in Alaan.
Q: Do inter-wallet transfers create expenses?
No. Inter-wallet transfers are treated as internal fund movements and do not create expense transactions or require expense submission.
Q: How long do inter-wallet transfers take to complete?
Transfers are processed instantly, and wallet balances update in real time.
Q: Are there any fees for inter-wallet transfers?
No. Inter-wallet transfers within Alaan are free of charge.
Q: Can an inter-wallet transfer be reversed?
Transfers cannot be reversed automatically. If needed, funds must be transferred back manually between wallets.
Q: Will inter-wallet transfers appear in statements or accounting exports?
Yes. They appear in statements as Inter-wallet Transfers, clearly marked as internal movements (not expenses).