Banking

Recording withdrawals without using a check

There may be times you need to withdraw money from your bank accounts, but you don't use a check to make the withdrawal. You may use an ATM transaction, accept an electronic transfer or use your debit card.

In each of these transactions, no check is used; in FirstEdge, no check or check number is needed either.

There are several ways to record a withdrawal:

No matter which method you choose, you'll be able to work with the transaction in the Find Transactions and Reconcile Accounts windows. The only major differences between these types of transactions are that Spend Money and Bank Register transactions appear in the Cash Disbursements Journal and can be linked to a card, whereas General Journal entries appear in the General Journal and can't be associated with a particular card.

No check number is needed

When you enter the withdrawal in the Spend Money window or the Bank Register, enter a word or phrase instead of a number in the Check No. field. That way, you'll know the transaction isn't an actual check when you view it in a Find Transactions window or on a report. This will also allow you to skip the transaction when you print a range of numbered checks.

Step by step

Related topics