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I have withdrawn amount from my bank account. How do I record it?
Amount withdrawn can be recorded from Journal or Banking module. Here’s how:
To record it from the Journal module:
- Go to Accountant on the left sidebar and select Manual Journals.
- Click + New Journal in the top right corner of the page.
- Give a short note for the journal entry and add other necessary details.
- Select the Cash Account as the Debit Account and the Bank Account from which the amount was withdrawn as the Credit Account.
- Click Save and Publish.
To record it from the Banking module:
- Go to Banking on the left sidebar and select the bank account in which you want to record this amount.
- Click Add Transaction and select Transfer To Another Account.
- Select Cash Account under To Account.
- Enter the amount and provide description.
- Click Save.
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