Enter a bank transfer with a check

Enter an invoice in Accounts Payable, issue a check, and enter a deposit in Cash Management.

1. Enter an Accounts Payable invoice:
   • You can use a ONETIME Summary vendor or a vendor for the bank receiving the transfer
   • Enter a clearing account for the Expense account
2. Issue a payment in Accounts Payable:
   • Use the bank you're transferring the funds from
   • If on the Accrual Accounting Method, the entry debits the Accounts Payable account
   • If on the Cash Accounting Method, the entry debits the Expense account (clearing account) used in Step 1
   • The entry credits the AP bank's cash account
3. Go to Cash Management, Tasks, Edit Register.
4. Select the bank account that receives the transfer.
5. Enter a deposit transaction. Credit the same clearing account used in step 1.
6. The CM bank account balances now match the General Ledger cash account balances.