Help Contents

How to Record a Cash Withdrawal

Note: If you withdraw cash to make a purchase, you should record a payment instead.

To record a cash withdrawal from your bank, click menu File > New > General Transaction. The General Transaction window will appear:

Cash Withdrawal

Enter the details of your transaction into the following fields:

  • Journal Memo: A description of the transaction for your records, e.g. 'Withdraw Cash'.

  • Date: The date you made the withdrawal.

  • From Account: This is the bank account the money comes from, usually 'Cheque Account'.

  • To Account: The cash account receiving the deposit, usually 'Petty Cash'.

  • Amount: The amount of the withdrawal.

Once you've entered the withdrawal details, click OK to save it.

The new transaction will appear in the Transactions list (menu Window > Transactions).