Withdrawing and transferring checking account funds

Banking > Spending money > Withdrawing and transferring checking account funds

From time to time you may need to track withdrawals you've made by telephone or other means that don't involve a printed check. You may also need to transfer funds from one checking account to another.

There are two ways to record withdrawals from your checking account without creating a check:

Whichever method you choose, you'll be able to work with the transaction in the Find Transactions window and Reconcile Accounts windows. The only major differences between the two types of transactions are that Spend Money transactions appear in the Cash Disbursements Journal and can be linked to a card, whereas General Journal entries appear in the General Journal and can't be associated with a particular card.

When you enter the withdrawal in the Spend Money window, enter a word or phrase instead of a number in the Check No. field. That way, you'll know the transaction isn't an actual check when you view it in a Find Transactions window or on a report. This will also allow you to skip the transaction when you print a range of numbered checks.

Step by step
To enter a withdrawal using the Record Journal Entry window
To enter a withdrawal using the Spend Money window

To transfer funds using the Record Journal Entry window

To transfer funds using the Spend Money window