To spend money (Bank Register)

The Bank Register window should be displayed. (To find the Bank Register window)

The Bank Register offers a streamlined method for recording payments using any account with bank or credit card privileges.

If you need greater control over how the transaction is entered, click the Split button to display the Receive Money window, where a more detailed entry can be made. If this payment is to be made in a foreign currency, you must use the Spend Money window for this transaction.

1. Select the bank account that will be used to make the payment.



2. In the Type field, select Spend Money if the bank account you selected is an asset account (bank account) or Enter Charge if the account is a liability account (credit card account).



3. Review the transaction number and transaction date and change them if necessary.

Note:  If you don't want to enter a check number

4. Using the Card field, select the payee's card, or enter the payee's name in the Name field if you don't have a card for the person.



5. Enter the amount paid.

Note:  A check number can be voided by leaving the Amount fields blank

6. Enter the account that will be reduced -- "paid off," in effect -- by this transaction. (If you require more than one allocation account, click the Split button and continue entering this transaction in the Spend Money window.)



7. Enter a short, descriptive comment in the Memo field, if you like. This information will appear on a number of reports.



8. Select Print or Record:

• Click Print if you want a printed check.

• Click Record if you don't need a printed check at this time or if you're recording a transaction that isn't a check transaction. (If you like, you can print the check later using the Print Checks window.)