| If you use the automatic teller (ATM) feature at your bank to withdraw money, you need to record that transaction in QuickBooks. You need to have a cash account to which you can charge the withdrawal, such as Petty Cash or Drawer. Then the withdrawal is actually treated like a transfer of funds from your bank account to your cash fund. - Select Transfer Funds from the Banking menu.
- Enter the date of the ATM withdrawal.
- Click the drop-down list to select the bank account from which the money was withdrawn.
- Click the drop-down list to select the name of the cash account you use.
- Enter the amount of the withdrawal.
- Enter an optional memo.
- Click a save option.
See Also See "Transferring Money Between Accounts," on page 275 for an example of recording the electronic transfer of money between accounts. |
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