Show pageOld revisionsBacklinksFold/unfold allBack to topAdd Tags This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong. =====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"}} cats/questions/accounting/whattransactiontouse.txt Last modified: 2019/10/29 18:34by amanda