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Which type of transaction should I create?
Will this transaction go through 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 Receipt.
- To remove money from a bank account, use a Disbursement. To print a check, use a Disbursement.
- To transfer money from one bank account to another, user a Bank Transfer.
Does this transaction involve an invoice?
- Create a disbursement (debit) or a receipt (credit) using either the Account or Scan method.
- To Create a bank-related transaction without referencing an invoice, create a transaction using the G/L# entry method.
No Bank Involved: General Journal Entries
To directly debit and credit two G/L numbers, use a General Jr Entry.