=====Which type of transaction should I create?=====
Use the following flowchart and questions to determine which transaction type you should use.
[{{:cats:questions:accounting:accounting_transactiontypeflowchart.png|Transaction Type Flowchart}}]

====Transactions that Reference a Bank====
Are you withdrawing money from a bank account or receiving money into a bank account?\\ 
  * 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 transfer money from one bank account to another, user a [[cats:procedures:accounting:banktransfer|Bank Transfer]].
===Does this transaction involve a counterparty account?===
  * **Yes** - Create a disbursement (debit) or a receipt (credit) using either the [[cats:procedures:accounting:transactions:enteringdisbursements|Account or Scan 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====
To directly debit and credit two or more G/L numbers, use a [[cats:procedures:accounting:transactions:generaljournalentries|General Jr Entry]].
{{tag>"transaction types"}}