cats:questions:accounting:whattransactiontouse

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cats:questions:accounting:whattransactiontouse [2019/07/29 19:23] – [Which type of transaction should I create?] amandacats:questions:accounting:whattransactiontouse [2019/10/29 18:34] – [Will this transaction go through a bank?] amanda
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 =====Which type of transaction should I create?===== =====Which type of transaction should I create?=====
-Use the following questions and flowchart to determine which transaction type you should use.+Use the following flowchart and questions to determine which transaction type you should use. 
 +[{{:cats:questions:accounting:accounting_transactiontypeflowchart.png|Transaction Type Flowchart}}]
  
 ====Will this transaction go through a bank?==== ====Will this transaction go through a bank?====
-Are you withdrawing money from a bank account or receiving money into a bank account?+Are you withdrawing money from a bank account or receiving money into a bank account?\\  
 +**Yes:**\\  
   * To receive money into a bank account, use a [[cats:procedures:accounting:transactions:enteringreceipts|Receipt.]]   * To receive money into a bank account, use a [[cats:procedures:accounting:transactions:enteringreceipts|Receipt.]]
   * To remove money from a bank account, use a [[cats:procedures:accounting:transactions:enteringdisbursements|Disbursement]]. To print a check, use a [[cats:procedures:accounting:transactions:enteringdisbursements|Disbursement]].   * To remove money from a bank account, use a [[cats:procedures:accounting:transactions:enteringdisbursements|Disbursement]]. To print a check, use a [[cats:procedures:accounting:transactions:enteringdisbursements|Disbursement]].
   * To transfer money from one bank account to another, user a [[cats:procedures:accounting:banktransfer|Bank Transfer]].   * To transfer money from one bank account to another, user a [[cats:procedures:accounting:banktransfer|Bank Transfer]].
-===Does this transaction involve an invoice?=== +===Does this transaction involve a counterparty account?=== 
-  * Create a disbursement (debit) or a receipt (credit) using either the [[cats:procedures:accounting:transactions:enteringdisbursements|Account or Scan method]].  +  * **Yes** - Create a disbursement (debit) or a receipt (credit) using either the [[cats:procedures:accounting:transactions:enteringdisbursements|Account or Scan method]].  
-  * To Create a bank-related transaction without referencing an invoice, create a transaction using the [[cats:procedures:accounting:transactions:enteringdisbursements|G/L# entry method]].+  * **No** - To Create a bank-related transaction without referencing a counterparty account, create a transaction using the [[cats:procedures:accounting:transactions:enteringdisbursements|G/L# entry method]].
  
 ====No Bank Involved: General Journal Entries==== ====No Bank Involved: General Journal Entries====
-To directly debit and credit two G/L numbers, use a [[cats:procedures:accounting:transactions:generaljournalentries|General Jr Entry]].+To directly debit and credit two or more G/L numbers, use a [[cats:procedures:accounting:transactions:generaljournalentries|General Jr Entry]].
 {{tag>"transaction types"}} {{tag>"transaction types"}}
  • cats/questions/accounting/whattransactiontouse.txt
  • Last modified: 2019/10/29 18:34
  • by amanda