Enter a bank transaction in CM Transactions, Enter Bank Transactions. In the Transaction Type list, select one of the following types and enter the transaction. Deposit Increases (debits) the cash account and decreases (credits) the distribution account. - Use for non-customer payments (for example, vendor or tax refunds) or missing deposits during reconciliation
- For distributions:
- Use positive numbers to credit the GL account
- Use negative numbers to debit the GL account
Charge Decreases (credits) the cash account and increases (debits) the distribution account. - Use for bank statement charges, credit card fees, missing charges during reconciliation
- For distributions:
- Use positive numbers to debit the GL account
- Use negative numbers to credit the GL account
Credit Increases (debits) the cash account and decreases (credits) the distribution account. - Use for bank interest earned or missing deposits during reconciliation
Withdraw Works like a charge transaction. - Use for cash withdrawals (for example, ATM withdrawals)
Transfer Moves money between two cash accounts. Post a charge to the From account and a deposit to the To account. - Use for transfers between accounts (for example, checking to savings, payroll, or petty cash)
- Set up more than one cash account to enable the Transfer option
[BCB:163:Chat BusinessWorks US:ECB]
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