To enter a withdrawal that isn't a check (Bank Register)

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

The Bank Register offers a streamlined method for recording withdrawals 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 withdrawal.



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. In the Check No. field, enter a word or phrase to describe the withdrawal. (You don't need to use a check number.)

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

4. Review the transaction date and change it, if necessary.



5. 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.



6. Enter the amount of the withdrawal.



7. Allocate the transaction to the proper allocation account.

That is, enter an account to indicate the reason for the withdrawal (for example, a bank fees expense account or a petty cash account).

(If you require more than one allocation account, click the Split button and continue entering this transaction in the Spend Money window.)

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



9. Click Record.