Transfer ATM or debit card withdrawals

ATM withdrawals

When you use an ATM machine or debit card to get money for petty cash or to fund your cash drawer, you need to record the transaction as a transfer in QuickBooks.

Note: If you used your debit card to purchase something for your business, and at the same time got some cash back for petty cash, enter only the cash-back portion through the transfer. chart of accounts, ATM cards, cash machine withdrawals, checking accounts, handling ATM withdrawals, debit cards, transferring funds, ATM or debit card withdrawals, . Enter the purchase expense as you usually do in QuickBooks.

To transfer the money in QuickBooks

1. Go to the Banking menu and click Transfer Funds.

2. Click the Transfer Funds From drop-down arrow and then click the bank account that you withdrew the money from (or that you debited).

3. Click the Transfer Funds To drop-down list and then click your petty cash or cash drawer account.

4. In the Transfer Amount field, enter the amount of the withdrawal or debit.

5. In the Memo field, enter ATM withdrawal or debit card withdrawal.

6. Save the transfer.

See also

• Other ways to fund petty cash or a cash drawer account

• Recording petty cash expenses or cash drawer pay-outs