How to Post ATM Transactions in QuickBooks (Cash Withdrawal)

With QuickBooks, small business owners have access to powerful computerized accounting and bookkeeping technologies. Track banking transactions using the QuickBooks programme to maintain the accuracy of your ledgers. You should still enter ATM transactions in QuickBooks, Even if you use electronic banking. If you pay close attention to every little thing, your company account will accurately represent all of your deposits and withdrawals. In this article, you will know all the procedures of how to post ATM Transactions in QuickBooks.

Withdrawals

• Begin with Opening QuickBooks. Select Transfers under the Banking Tab in the Menu Bar.
• In the Date Field, Type the Transaction Date.
• Select the Account from Which the ATM Transaction originated – that is, The Account from Which you transferred the money – by clicking the Drop-down arrow to the right of the Transfer Funds From field.
• To Choose the Account to Which you transferred the Funds, Such as the Petty Cash Account, Click the drop-down arrow to the right of the Transfer Funds To Field.
• In the Transfer Amount Field, Enter the Dollar Amount of the ATM Transaction.
• To help you remember the specifics of the ATM Transaction, Make a Note of it in the Memo Field; simply Entering the ATM should be Sufficient to Identify the Transaction.
• Then Lastly, You have to Click the Blue Save Button to Save the Transfer Information.

Purchases

• Firstly Open QuickBooks. From the Menu Bar, Select the Write Check Tab.
• Choose the Bank Account Where the ATM Withdrawal took Place. The Box Next to To Be Printed should not be Checked.
• In the Check # Field, Type ATM Withdrawal. In the appropriate Field, Type the Date of the ATM Transaction. The Amount area is Where you should Enter the Purchase’s Amount.
• To Identify the ATM Purchase, Record a Memo of the Transaction in the Memo Field.
• Lastly, To Save the Purchase Information, Click the Blue Save Button.

Deposits

• Start with Opening QuickBooks. Select Deposits under the Banking Tab in the Menu Bar.
• In the Date Field, Type the Transaction Date.
• Select the Account you Deposited Money into by clicking the Drop-down Arrow to the Right of the Deposit To Field.
• Then you have to Select the Account from Which you made the Deposit by Clicking the drop-down arrow to the right of the Received From Field. If you want, Type the Dollar Amount First, and then add a Memo.
• To Save the Deposit Information Clicks the Blue Save Button.

In this blog, you will get all the important information but in case you face any issues then at that moment you can connect with Dancing Numbers team via LIVE CHAT any time as the help desk experts are available round the clock for their users.

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