Bank transactions have a limit of 20 line item distributions. For a workaround, see creating an entry for more than 20 distributions on a bank transaction.

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