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Chapter 15. Recording Your Assets > Recording Automatic Teller Withdrawals

Recording Automatic Teller Withdrawals

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.

Record Automatic Teller Withdrawal

Select Transfer Funds from the Banking menu.

Enter the date of the ATM withdrawal.

Enter the name of the bank account from which the money was withdrawn.

Enter the name of the cash account you use.

Enter the amount of the withdrawal.

Enter an optional memo.

Click a save option.


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